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Saved by uncleflo on January 4th, 2019.
As an entrepreneur, one of the most important tasks you can perform is getting your idea(s) out from your head into a tangible format so that you can communicate that with others. In the past, this usually meant a well-researched business plan, that would usually take weeks (more like months) to create. I turn to the Lean Canvas to help me quickly formulate possible business models, product launches, campaigns and variations of, and communicate this with my stakeholders for my Lead Flow Method work. Having the Lean Canvas as a visual guide made this part “communicating the model/idea” so much more effective — and I think the most valuable function of the tool. The problem with business plans for startups & entrepreneurs are that they’re a waste of time, don’t get me wrong a well-researched business plan is important but only at the right stage of your business (usually when you’re in growth/investment). This quote from Steve Blank sums up this point in case: “Business Plan: a document investors make you write, that they don’t read”. The key fundamental to Lean methodology is the elimination of waste — this includes time, processes, inventory and more. So as a lean startup you need a quicker way to get ideas out of your head, you need to stay lean & avoid waste — so, it’s time to introduce Lean Canvas.
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Saved by uncleflo on March 28th, 2014.
Serial entrepreneur and founder of Blur Group Philip Letts on how to spot a lean start-up in a crowd – and build one yourself. Lean start-ups are getting a lot of attention right now. Perhaps it’s a cultural nod to the post Lehman, pro-austerity climate mirrored through the latest business winnows.
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