Are you starting a new business? This guide will help you implement the Lean Canvas strategy to ensure your new venture gets off on the right foot.
As a new business owner or a beginner entrepreneur, having a framework for your business plan makes writing it easier and your approach very practical.
Implementing the Lean Canvas business plan can clarify your business goals, metrics, value prop, customers, and advantages.
Table of Contents:
- What Is Lean Canvas?
- What Makes Lean Canvas Effective?
- How Do You Apply Lean Canvas To Your Business Plan?
- Final Wrap-Up about Your Lean Canvas Business Plan
What Is Lean Canvas?
Source: Lean Stack
Lean Canvas is a business planning framework that helps you map out and verify your business model.
In other words, it helps you make sure that you’re offering something that is profitable, viable, and needed by the market. It also ensures you’re mitigating risks with your product or service.
Lean Canvas breaks down your business idea into significant areas, including marketing, revenue, customer segments, and metrics (just to name a few).
The goal is to create educated estimates and then verify those estimates in the marketplace.
Here are the 9 parts of the Lean Canvas business plan:
- Customer Segments
- Problem
- Solution
- Unique Value proposition
- Unfair advantage
- Key metrics
- Channels
- Cost Structure
- Revenue Streams
We’ll go over what each section is all about, but first, let’s cover why Lean Canvas may be useful for you.