Revision as of 08:03, 17 April 2024

Business Model Design Playbook from the book Running Lean

Out of all the Reasons due to which Startups Fail, the #1 reason is "no market need". We use Lean Business Canvas to keep ourselves immune from this #1 reason. Later the canvas gives birth to 4 more artifacts shown in pale yellow color in screenshot on the right

Order of filling Lean Canvas

File:Order of FIlling Lean Canvas.png

Split high level canvas into narrower canvases

Sketching out a Lean Canvas quickly is a great first step for taking stock of your big idea and visualizing your business model as a set of assumptions. That said, most entrepreneurs either go too broad or too narrow with their first canvases. This is a Goldilocks problem.

If you struggled to fit your idea on a single page, chances are you went too broad. When you go too broad, your canvas becomes watered down and undifferentiated. I’ve worked with several startups that felt the problems they were solving were so universal, they applied to everyone.

File:Split Broad Lean Canvas into Narrower ones.png

Staying immune from Hammer problem

File:Staying immune from Hammer Problem.png

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 [[File:Business Model Design Playbook.png|thumb|[https://learning.oreilly.com/library/view/running-lean-3rd/9781098108762/part01.html#:-:text=The%20Business%20Model%20Design,%20Playbook Business Model Design Playbook] from the [https://learning.oreilly.com/library/view/running-lean-3rd/9781098108762/ book Running Lean]]]
 Out of all the [[Reasons due to which Startups Fail]], the #1 reason is "no market need". We use [https://www.notion.so/smartercodes/Lean-Business-Canvas-21ed39913d504c61a73e8b9b0c7793e0 Lean Business Canvas] to keep ourselves immune from this #1 reason. Later the canvas gives birth to 4 more artifacts shown in pale yellow color in screenshot on the right
+= Order of filling Lean Canvas =
+[[File:Order of FIlling Lean Canvas.png|600x600px]]
+= Split high level canvas into narrower canvases =
+Sketching out a Lean Canvas quickly is a great first step for taking stock of your big idea and visualizing your business model as a set of assumptions. That said, most entrepreneurs either go too broad or too narrow with their first canvases. This is a Goldilocks problem.
+If you struggled to fit your idea on a single page, chances are you went too broad. When you go too broad, your canvas becomes watered down and undifferentiated. I’ve worked with several startups that felt the problems they were solving were so universal, they applied to everyone.
+[[File:Split Broad Lean Canvas into Narrower ones.png|600x600px]]
+= Staying immune from Hammer problem =
+[[File:Staying immune from Hammer Problem.png|827x827px]]
 [[Category:Product Management Process]]