Sprint 5 – Building the Lean Canvas
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:
- Review the Lean Canvas Template and familiarize yourself with its sections.
- Identify your startup’s unique value proposition and key differentiators.
- Define your target customer segments and their needs.
- Determine your revenue streams and cost structure.
- Complete the Lean Canvas with relevant information.
Duration
1 week
Deliverables
- 1Completed Lean Canvas
- 2Clear understanding of your business model
Sprint Materials
- 1Building the Lean Canvas Playbook
- 2Lean Canvas Template
Resources
- 1Course: Introduction to Entrepreneurship and Startup Ideation