A lean business model canvas determines your business model in a visually descriptive way. In the same way as the original Business Model Canvas, this “lean” version, ideal for startups, will help you construct your business plan more efficiently and help draft a business model for your idea or business. By wcic.tech.
Source: @wcic.tech wcic.tech/a-startups-lean-business-model-canvas/
The Lean Canvas is more suited to entrepreneurs and startups as it is more actionable by focussing on factors such as uncertainty and risk. The article describes:
- Lean business model canvas framework
- Key metrics
- Unique value proposition (UVP) or unique selling point (USP)
- Unfair advantage
- Customer segments
- Cost structure
- How is a lean business model canvas different to a business plan?
- Revenue streams
A lean business model canvas can be created in a day, is much more collaborative in its approach and provides structure and focus to early-stage startups. It’s a starting point on your entrepreneurship journey.
A business plan is great when you’re six months in and spoken to many people about your idea and looking towards investors. The problem with a business plan is that it can be very long and time-consuming. Great read![Read More]