GLOSSARY
Lean canvas
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A Lean Canvas is a one-page business plan template that helps startup founders quickly and effectively validate their business ideas and strategies.
What is Lean Canvas?
Lean Canvas is a simplified business plan template that allows startup founders to outline key business components on a single page, including customer segments, value propositions, channels, revenue streams, and more.
Why it matters
Lean Canvas helps entrepreneurs focus on the essential aspects of their business idea, test assumptions, and iterate quickly based on feedback, saving time and resources in the early stages of a startup.
Examples
- Uber: Used Lean Canvas to validate the ride-sharing business model.
- Dropbox: Utilized Lean to refine its cloud storage service concept.
Related Concepts
- Business Model Canvas: A broader framework that includes additional elements like key activities, resources, and partnerships.
- Value Proposition Canvas: Focuses specifically on defining and testing customer value propositions.