Day Two Intro

Lean canvas: what is it and why is it needed?

The ability to take an objective look at any business and its model is an
absolute necessity to create success online. With the net being saturated
with products and services we need a fast way to iterate through our ideas and
plans to see viability and areas that need insight to gain an advantage.

The lean canvas method of quickly working through a business idea with actionable
output is a very useful tool in deciding the strengths and weakness’s of any
new project / startup.

Continued from email:

On the workshop we study:

How Lean canvas provides a great framework for easily sketching your business model, to have a common understanding, communication platform and terms on your project. With a canvas you can easily discuss and challenge your business model on a daily basis with co-founders and colleagues. A perfect situation is when someone comes up with a new idea how to improve your business model!
Ash Maurya creator of Lean canvas quotes it simply:

“Most startups fail, not because they fail to build what they set out to build, but because they waste time, money, and effort building the wrong product. I attribute a significant contributor to this failure to a lack of proper “problem understanding” from the start.”

We use it to:

Identify: canvas provide a great framework for easily sketching your business model, to have a common understanding, communication platform and terms. With a canvas you can easily discuss and challenge your business model on a daily basis with co-founders and colleagues. A perfect situation is when someone comes up with a new idea how to improve your business model!