{"id":1118,"date":"2022-08-08T16:36:04","date_gmt":"2022-08-08T16:36:04","guid":{"rendered":"https:\/\/lisboainvestments.com\/us\/?p=1118"},"modified":"2023-07-05T16:29:11","modified_gmt":"2023-07-05T16:29:11","slug":"idea-for-a-startup-test-it-with-lean-canvas","status":"publish","type":"post","link":"https:\/\/lisboainvestments.com\/us\/idea-for-a-startup-test-it-with-lean-canvas\/","title":{"rendered":"Idea for a startup? Test it with Lean Canvas"},"content":{"rendered":"

The Lean Canvas is not a business plan. But startups \u2013 mainly in the development phase, use this powerful tool that helps them in environments of great uncertainty and risk. Therefore, even before starting a business plan, it is necessary to establish the \u201cclient-problem-solution\u201d relationship. This is the most important step when developing a business idea. It is essential to start from this point to understand the potential of the startup. This is what Lean Canvas is all about.<\/p>\n

If you have one or more business ideas tucked away in your drawer, put them to the test with Lean Canvas. Below we describe the 9 blocks that make up the Lean Canvas.<\/p>\n

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The 9 Lean Canvas Blocks to Visualize the Potential of Your Business Ideas<\/strong><\/h4>\n

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1# Problem (and existing alternatives)<\/strong><\/p>\n

Here the goal is to describe in detail the problem<\/u> and the business opportunities that you have identified with your idea. It is advisable to list 1 to 3 problems.<\/p>\n

Startups often fail right at this point. The problem needs to be well identified and understood to create an adequate and robust solution, otherwise time, effort and money will be wasted, and sales will fail compared to the initial expectation.<\/p>\n

In this block, keep a space to write down existing or similar alternatives on the market, if any.<\/p>\n

2# Solution<\/strong><\/p>\n

Description of the solution for each problem mentioned in block 1.<\/p>\n

3# Key Metrics<\/strong><\/p>\n

When developing an idea for a startup, the best thing is to define the key metrics that allow you to reduce future risks and better orient yourself in the first few months.<\/p>\n

4# Value proposition (and quick description of the idea)<\/strong><\/p>\n

Having identified the problem and found the solution, what value will this bring to your customers? Will it really be relevant? What makes this solution unique?<\/p>\n

This block must be filled out clearly and simply, almost like a pitch to present to potential investors.<\/p>\n

In this block, take advantage of the lower part to make a quick description of your idea<\/strong>. Even better if you can compare your product\/service with another known one. For example:<\/p>\n