Sprint 5 – Building the Lean Canvas

Progress

Sprint Goal: The goal of Sprint 5 is to create a Lean Canvas that outlines the key elements of your startup concept.

Sprint Overview:

  • In Sprint 5, you will build a Lean Canvas, which is a concise and visual representation of your startup’s key aspects, including the value proposition, customer segments, revenue streams, and cost structure. The Lean Canvas serves as a valuable tool to understand your business model and make informed decisions.
  • The Building the Lean Canvas Playbook will walk you through the process of filling out the canvas step-by-step, enabling you to gain a clear understanding of your startup’s strengths and challenges.

Sprint Tasks:

  1. Review the Lean Canvas Template and familiarize yourself with its sections.
  2. Identify your startup’s unique value proposition and key differentiators.
  3. Define your target customer segments and their needs.
  4. Determine your revenue streams and cost structure.
  5. Complete the Lean Canvas with relevant information.
Duration

1 week

Deliverables
  • 1
    Completed Lean Canvas
  • 2
    Clear understanding of your business model
Sprint Materials
  • 1
    Building the Lean Canvas Playbook
  • 2
    Lean Canvas Template
Resources
  • 1
    Course: Introduction to Entrepreneurship and Startup Ideation