Cut number in the Lean Business Model Canvas

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Aug 6th, 2022
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How to cut number in the Lean Business Model Canvas

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in the previous video we met Joe hes a vegan so he doesnt eat meat milk products or anything that comes from animals he also works at Pilla and he has noticed that the only way for a vegan to have lunch in that area is to prepare his own lunchbox which usually is a drag so he had an idea what if there was a lunch restaurant serving vegan food in Pilla is there demand would people come can he make money lets take a look what his idea would look like as a lean cannabis what we have here is a blank lean cannabis lets stop by giving this idea a name vegan restaurant in Pila next we can go ahead and specify who the customers would be vegans naturally but they also would probably need to live or work in Pilla and to further narrow down the first customer spec its easiest for Joe to First figure out if other people like him share his problem this is good idea since keeping the first customer definition narrow dramatically helps the next steps and you can always broaden the audience once

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Lean Canvas Use Guide Problem. The first box defines the problem youre hoping to solve. Solution. The solution section is where the actual solution is fleshed out in more detail. Key Metrics. Value Proposition. Advantages. Channels. Customer Segments. Cost Structure.
There are also nine essential sections in the Lean Canvas, each of which represents a crucial element of the business. These include problem, solution, key metrics, unique value proposition, unfair advantage, channels, customer segments, cost structure, and revenue streams.
Your Lean Canvas should outline how you will measure success. Key Metrics allow you to track and evaluate the success of a specific business process. A Key Metric could be daily visitors to your site, the number of company emails opened by consumers per hour or the monthly sales of a specific feature.
Some common Lean Startup Metrics include Customer Acquisition Cost (CAC), Lifetime Value of a Customer (LTV), Churn Rate, Monthly Recurring Revenue (MRR), and Conversion Rate. These metrics help businesses evaluate critical areas such as customer retention, profitability, revenue growth, and product-market fit.
A business model describes the rationale of how an organization creates, delivers and captures value. It can be described through 9 building blocks: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Resources, Key Activities, Key Partnerships Cost Structure.
The key metrics component of Lean Canvas emphasizes the identification of crucial data points that are essential for measuring progress. By tracking and analyzing these data points, entrepreneurs can make informed decisions and adapt their strategies as needed.

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