Photo courtesy: Lesly Juarez of Unsplash
What is a Lean Canvas?
You need to know about Lean Canvas if you are an entrepreneur or a first-time business owner.
It’s a simple and strategic tool for all entrepreneurs who wish to put their ideas onto paper and bring them to fruition! It acts like a one-pager, mini business blueprint.
Why a Lean Canvas is Useful?
A lean canvas is best use when start-ups are in their early stages, and when they are developing products to address market fit. So you’ll know if you are building a viable business that has potentials to generate profits down the road.
Imagine if you spend thousands of dollars to build a product. Later, you learn that it has no traction because it’s not solving the problems in the way that your target audience find convenient, efficient, or easy.
Using a lean canvas earlier in your product development process allows you to learn fast and fail fast. You will learn quickly from research and know if you need to pivot and optimize for success. The goal is to help you build a better mouse trap earlier on, through an iterative process that has been proven. Once it’s proven, you can then scale for growth.
We’ve helped many start-up companies in unpacking their ideas, and turning those ideas into real businesses. We can help you too! Contact us and let’s work together to bring your idea into fruition.
