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Aug 6th, 2022
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How to Edit name in the Lean Business Model Canvas

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Hi! This is Ana at Railsware. Today well have a look at the lean canvas - a tool designed by Ash Maurya to help startups analyze the strengths and weaknesses of their business model, and also we will practice using lean canvas on the Uber example. To work out your business activities you need a business plan. A good business plan requires a massive amount of work. But how can you verify your idea before investing so much time and effort? Lean canvas can help you with that. You need a lean canvas if you want to create a product that will be in demand in the fast-changing market. This tool allows startup founders to mitigate the risk and uncertainty associated with a product inception. The lean canvas is a one-page document consisting of nine boxes to be filled in. It originates from Alex Osterwalders business model canvas. Initially the last one was designed for well-established businesses and not really applicable to startups. Thats where lean canvas comes in. Its key difference fr

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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.
The main limitations based on the three sources of data are: the exclusion of external forces to a business model, such as competition, market factors and other external forces, and the narrowness of the Value Proposition. In the Business Model Canvas the focus is on creating value with revenue on return.
How To Fill In A Business Model Canvas Step 1: Naming the purpose of the business. Step 2: Customers and Value Propositions. Step 3: Channels and Customer Relationships. Step 4: Key Resources, Key Activities and Key Partners. Step 5: Cost Structure and Revenue Streams. Step 6: Linking The Boxes +Tidying Up.
The Business Model Canvas consists of nine essential parts: Customer Segments, Value Proposition, Revenue Streams, Channels, Customer Relationships, Key Activities, Key Resources, Key Partners, and Cost Structure.
It doesnt accommodate businesses in very early stages of development. Enables risky assumptions within the business model, without offering a clear way to verify them. Focuses on the end-shape of the business without defining the strategy to get there.
The BMC is also a great innovation or change tool. Once you have an as is canvas representing your business today, you can play with making changes somewhere in the canvas and then consider where else the canvas will also need to be changed, visually seeing the interconnectivity of different parts of the business.
A business model is designed to help a company build a competitive advantage. Competitors respond by constructing their own models to create their own advantages. When an old model puts a company in an unfavorable competitive position, it has to be changed.
Unfair Advantage: Cant be easily copied or bought. Examples include: Insider information, expert endorsements, a dream team, personal authority, large network effects, community, existing customers, SEO ranking, patents, etc.

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