Craft a Startup Lean Business Model

The Startup Magazine

To successful create or grow any business you need a plan. In essence, a plan or design for the day to day running of your business is all that a business model actually is. But not just any business model will do; you need one designed for your specific business and one that can be adapted as and when you need it to be. Don’t look at another business model and think it worked for them so you can adopt the same approach.

The Business Model Canvas Gets Even Better – Value Proposition Design

Steve Blank

—— The Lean Startup process builds new ventures more efficiently. It has three parts: a business model canvas to frame hypotheses, customer development to get out of the building to test those hypotheses and agile engineering to build minimum viable products. If you’re familiar with the Lean Startup you know that the Business Model Canvas is the tool to frame all the hypotheses of your startup.

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A Quick Course on Lean

Steve Blank

Over the weekend I got asked the best way to teach students the principles of Lean via Zoom. Here’s what I suggested they offer their students: Lean in Context. No Business Plan Survives First Contact With Customers. How did we build startups in the past?

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One Lean Startup Experiment Per Week

Grasshopper Herder

The faster we can go around the Build-Measure-Learn loop, the faster we validate our business model. Lean Enterprise Lean Startups Managing Entrepreneurship lean-enterpriseSo how fast is fast enough?

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Is the Lean Startup Dead?

Steve Blank

A version of this article first appeared in the Harvard Business Review. Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. It’s the antithesis of the Lean Startup. Most startups born in the bubble died in the bubble.

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Who Dares Wins – The 2nd Annual International Business Model Competition

Steve Blank

Alexander Osterwalder and I spent last week in Salt Lake City, Utah as judges at the 2 nd Annual International Business Model Competition , hosted by Professor Nathan Furr , and his team at the BYU Center for Entrepreneurship. The idea of a Business Model competition first emerged when I realized that Business Plan writing ought to be taught in English Departments – as they’re the best example of creative writing entrepreneurs will ever do.

Free Reprints of “Why the Lean Startup Changes Everything”

Steve Blank

The Harvard Business Review is offering free reprints of the May 2013 cover article, “ Why the Lean Startup Changes Everything “ Available here. Filed under: Big Companies versus Startups: Durant versus Sloan , Business Model versus Business Plan , Customer Development , Customer Development Manifesto , Lean LaunchPad , Teaching , Venture Capital.

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The Mission Model Canvas – An Adapted Business Model Canvas for Mission-Driven Organizations

Steve Blank

As we prepared for the new Hacking for Defense class at Stanford, we had to stop and ask ourselves: How do we use the Business Model Canvas if the primary goal is not to earn money, but to fulfill a mission? In other words, how can we adapt the Business Model Canvas when the metrics of success for an organization is not revenue? Alexander Osterwalder and I think we have the answer – the new Mission Model Canvas.

The Lean LaunchPad Online

Steve Blank

You may have read my previous posts about the Lean LaunchPad class taught at Stanford , Berkeley, Columbia , Caltech and for the National Science Foundation. Ten years ago I started thinking about why startups are different from existing companies. I wondered if business plans and 5-year forecasts were the right way to plan a startup. Experienced entrepreneurs kept finding that no business plan survived first contact with customers.

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The LeanLaunch Pad at Stanford – Class 2: Business Model Hypotheses

Steve Blank

Our new Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. By now the nine teams in our Stanford Lean LaunchPad Class were formed, In the four days between team formation and this class session we tasked them to: Write down their initial hypotheses for the 9 components of their company’s business model (who are the customers? Come up with ways to test each of the 9 business model canvas hypotheses.

Machine Learning Meets the Lean Startup

Steve Blank

We just finished our Lean LaunchPad class at UC Berkeley’s engineering school where many of the teams embedded machine learning technology into their products. —– I’ve lived through several technology infrastructure waves; the Unix business, the first AI and VR waves in the 1980’s, the workstation wave, multimedia wave, the first internet wave. Machine Learning Meets Lean – Berkeley Lean LaunchPad Class. Filed under: Lean LaunchPad , Teaching.

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Machine Learning Meets the Lean Startup

Steve Blank

We just finished our Lean LaunchPad class at UC Berkeley’s engineering school where many of the teams embedded machine learning technology into their products. —– I’ve lived through several technology infrastructure waves; the Unix business, the first AI and VR waves in the 1980’s, the workstation wave, multimedia wave, the first internet wave. Machine Learning Meets Lean – Berkeley Lean LaunchPad Class. Filed under: Lean LaunchPad , Teaching.

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Free Reprints of “Why the Lean Startup Changes Everything”

Steve Blank

The Harvard Business Review is offering free reprints of the May 2013 cover article, “ Why the Lean Startup Changes Everything “ Available here. Filed under: Big Companies versus Startups: Durant versus Sloan , Business Model versus Business Plan , Customer Development , Customer Development Manifesto , Lean LaunchPad , Teaching , Venture Capital.

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How To Build a Web Startup – Lean LaunchPad Edition

Steve Blank

As part of our Lean LaunchPad classes at Stanford, Berkeley, Columbia and for the National Science Foundation, students build a startup in 8 weeks using Business Model Design + Customer Development. ” And the most important question is, “How do I use the business model canvas and Customer Development to test whether this is a real business?” How To Build a Web Startup – The Lean LaunchPad Edition.

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The History of Lean Planning

Up and Running

Lean Planning is a concept that we introduced back in 2012 as an evolution in business planning. The traditional business plan just wasn’t fitting the needs of modern, fast-moving companies and it was time to bring more of a scientific approach to business planning. However, the traditional business plan took too long to write, often wasn’t read by anyone outside the business, and wasn’t used properly to start, grow, and manage businesses.

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Business Modeling for Bootstrappers

The Entrepreneurial Mind

One of the limitations of Osterwalder's canvas for business modeling is that is can get a bit clumsy for lean start-ups that are bootstrapped. Ash Maurya is a web-app entrepreneur who offers some helpful insights on how to adapt the Osterwalder model for lean start-ups at his blog : I do find some of Osterwalder's blocks a bit too general for a lean startup. and specifically my type of business - web apps.

How Startups Can Keep Product Development Lean

YoungUpstarts

The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. In this article we explore the unique challenges of a lean start-up and how Outsourced Product Development (OPD) can be used to overcome them. The Lean Start-Up Environment. Start-ups are very different from established businesses. The objective of a start-up is to discover a business model that works.

The Lean LaunchPad Educators Class

Steve Blank

The Lean LaunchPad entrepreneurship curriculum has caught fire. Ten years ago I started thinking about why startups are different from existing companies. I wondered if business plans and 5-year forecasts were the right way to plan a startup. It dawned on me that the plans were a symptom of a larger problem: we were executing business plans when we should first be searching for business models. It’s called the Lean Startup.

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Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

—– Lean Innovation Management. In the last five years “ Lean Startup ” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute. But trying to find a unified theory of innovation that allows established companies to innovate internally with the speed and urgency of startups has eluded our grasp. Horizon 1 are mature businesses.

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Our New Lean Experiment Template (and Why You Shouldn’t Use It)

Grasshopper Herder

Every company is different and requires a unique business model. Our Lean Experiment template can give you something solid to build yours on. The post Our New Lean Experiment Template (and Why You Shouldn’t Use It) appeared first on GrasshopperHerder.com.

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10,000 Startups

Steve Blank

Filed under: Business Model versus Business Plan , Customer Development , Lean LaunchPad , Teaching. Business Model versus Business Plan Customer Development Lean LaunchPad TeachingIn 24 hours we’ll announce something revolutionary. Moving entrepreneurship forward.

Validation: Be Sure Your Startup Vision Isn’t a Hallucination. 2 Minutes to See Why

Steve Blank

If you can’t see the video click here Filed under: 2 Minute Lessons , Business Model versus Business Plan , Customer Development , Lean LaunchPad , Teaching. 2 Minute Lessons Business Model versus Business Plan Customer Development Lean LaunchPad Teaching

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The National Science Foundation Innovation Corps – Class 2: The Business Model Canvas

Steve Blank

The Lean LaunchPad class for the National Science Foundation Innovation Corps is a new model of teaching startup entrepreneurship. The 21 NSF teams had been out of the classroom for just 15 hours as they filed back in with their business model canvas presentations. Their assignment appeared (to them) to be deceptively simple: Write down their initial hypotheses for the 9 components of their company’s business model (who are the customers?

Stanford 2012 Lean LaunchPad Presentations – part 1 of 2

Steve Blank

Today, the first half of the Stanford Engineering Lean LaunchPad Class gave their final presentations. It’s hard to believe it’s only been a year since we taught the first 10 teams in the Stanford Lean LaunchPad class. We’ll teach over 175 NSF Innovation Corps teams in the Lean LaunchPad course in 2012. While at the same time spreading the Lean LaunchPad entrepreneurship curriculum to campuses across the United States. The 2012 Stanford Lean LaunchPad Presentations.

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7 Highlights from Lean Startup Week

Startup Lessons Learned

Guest Post by Misti Yang, Writer for Lean Startup Co. Editor’s Note: We wrapped up the 2017 Lean Startup Week in San Francisco just a few weeks ago, and we’re excited to share with you some of the best lessons learned in entrepreneurship and corporate innovation. In an interview with GE’s Culture Transformation Leader Janice Semper during Lean Startup Week, Eric Ries remarked, “Listen, that's our specialty here.

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The Lean LaunchPad at Stanford – The Final Presentations

Steve Blank

The Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. What really matters are the business model canvas diagrams in the body and appendix of each presentation. By comparing the changes the teams made week-to-week-week in their business model canvas diagrams, you’ll see the dynamics of entrepreneurship, as they iterate and Pivot over time. The Lean LaunchPad was designed to fill that void.

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10,000 Startups – Startup Weekend Next

Steve Blank

Today we are announcing the biggest entrepreneurial program ever launched – Startup Weekend Next. A partnership of Startup Weekend , Startup America , TechStars and Udacity , Startup Weekend Next brings four weeks of amazing hands-on training learning to build your startup to cities around the world. Our goal– to inspire, educate and empower hundred’s of thousands of entrepreneurs and help create 10,000 startups.

Five Days to Change the World – The Columbia Lean LaunchPad Class

Steve Blank

We’ve taught our Lean LaunchPad entrepreneurship class at Stanford, Berkeley, Columbia and the National Science Foundation in 8 week, 10 week and 12 week versions. We decided to find out what was the Minimum Viable Product for our Lean LaunchPad class. At the invitation of Murray Low at the Entrepreneurship Center in the Columbia Business School, we went to New York to find out. We were going to teach the Lean LaunchPad class in 5-days.

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The Lean LaunchPad Goes to Middle School

Steve Blank

While the Lean LaunchPad class has been adopted by Universities and the National Science Foundation , the question we get is, “Can students in K-12 handle an experiential entrepreneurship class?” Natasha Chornesky, who ran a publishing business, is the Director of Entrepreneurial Studies. They both attended our latest Lean LaunchPad Educators Class. I learned that people are in a hurry and busy and they may not care. Lean LaunchPad Teaching

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The Lean LaunchPad Educators Class

Steve Blank

The Lean LaunchPad entrepreneurship curriculum has caught fire. Ten years ago I started thinking about why startups are different from existing companies. I wondered if business plans and 5-year forecasts were the right way to plan a startup. It dawned on me that the plans were a symptom of a larger problem: we were executing business plans when we should first be searching for business models. It’s called the Lean Startup.

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The State Department Meets the Lean Startup – Hacking For Diplomacy

Steve Blank

The cross-disciplinary class brings students from widely divergent backgrounds together in teams of three to five, each aiming to tackle a gnarly international problem vexing Foggy Bottom in just 10 weeks by applying Lean LaunchPad methodology. Along the way, you will actively learn the Lean LaunchPad methodology, the framework first developed for business start-ups. How to improve coordination between governments, NGOs and businesses working to help Syrian refugees.

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The State Department Meets the Lean Startup – Hacking For Diplomacy

Steve Blank

The cross-disciplinary class brings students from widely divergent backgrounds together in teams of three to five, each aiming to tackle a gnarly international problem vexing Foggy Bottom in just 10 weeks by applying Lean LaunchPad methodology. Along the way, you will actively learn the Lean LaunchPad methodology, the framework first developed for business start-ups. How to improve coordination between governments, NGOs and businesses working to help Syrian refugees.

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How to Stop Playing “Target Market Roulette”: A new addition to the Lean toolset

Steve Blank

Modern entrepreneurship began at the turn of this century with the observation that startups aren’t smaller versions of large companies – large companies at their core execute known business models, while startups search for scalable business models. However, they don’t help you figure out where to start the search for your new business. Prioritize market opportunities smartly to set the boundaries for your lean experimentations.

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Guest Post: Market Opportunity Navigator by Sharon Tal-Itzkovitch

Grasshopper Herder

Business Model Canvas Customer Development Lean Startup Generative Market Research Generative Product Research prioritization StrategyIdentifying your target market is crucial to product success. Use this method and guide to set a promising strategic focus. The post Guest Post: Market Opportunity Navigator by Sharon Tal-Itzkovitch appeared first on GrasshopperHerder.com.

Getting Lean in Education – By Getting Out of the Classroom

Steve Blank

This week the National Science Foundation goes Lean on education by providing $1.2 National Science Foundation adopted my Lean LaunchPad class. Their goal was to train University scientists and researchers to use Lean Startup methods (business model design, customer development and agile engineering) to commercialize their science. Don’s insight was that the I-Corps model being rolled out for scientists might work equally well for educators/teachers.

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Top 10 Ways Entrepreneurs Pivot a Lean Startup

Startup Professionals Musings

This reality has fostered a popular new startup approach which dramatically improves the efficiency and speed of these corrections, pioneered by Silicon Valley entrepreneur and author Eric Ries. His new book on this subject, “ The Lean Startup ,” lays out how today's entrepreneurs use continuous innovation to create radically successful businesses. Business architecture pivot. This refers to the monetization or revenue model.

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Impact! NYU Scales the Lean LaunchPad

Steve Blank

NYU has adopted the Lean LaunchPad ® class as a standard entrepreneurship course across twelve different schools/colleges within the University. Over 1,000 students a year are learning lean startup concepts. When I said, “I’m too busy,” Frank said he’d fly out to fit into my schedule. The Innovation Corps, or I-Corps for short, is my Stanford Lean LaunchPad class offered by the National Science Foundation to our leading scientists. Encourage new startups?

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Introducing Lean Planning: How to Plan Less and Grow Faster

Up and Running

This article is part of our Business Planning Guide —a curated list of our articles that will help you with the planning process! Today, I want to introduce a new approach to business planning: Lean Planning. Lean Planning replaces lengthy business plans with a 20-minute planning process that focuses on increasing your chances of success in business. Lean Planning is simpler and faster than writing a traditional business plan.

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Lean LaunchPad for Life Sciences – Distribution Channels

Steve Blank

We’re teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) at UCSF with a team of veteran venture capitalists. It turns out that for commercialization, the business model (Customers, Channel, Revenue Model, etc.) A lean rollout for a startup would be 4-5 sales people plus 2-3 clinical applications specialists at a cost of ~$2.5 Filed under: Lean LaunchPad , Life Sciences , Teaching.

The Lean LaunchPad – Teaching Entrepreneurship as a Management Science

Steve Blank

I’ve introduced a new class at Stanford to teach engineers, scientists and other professionals how startups really get built. Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.). In contrast, startups search for a business model. (Or In a startup none of these are known.

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False Positives and Product / Market Fit

Grasshopper Herder

Lean Startup is hard. Business Model Lean Startups customer development survey product/market fit startup marketing pyramid survey.io All we want is to build something people want. Which one of these tests will actually tell us if we have the fabled Product / Market Fit?

Posit: A startup’s first goal shouldn’t be to search for a repeatable business model

The Equity Kicker

Steve Blank gave us this now famous definition of a startup: A startup is a temporary organization designed to search for a repeatable and scalable business model. At Forward Partners we are in full agreement with this definition (although we spell organisation with an s… ) but have found that it is a bit confusing for startups in their first weeks and months. Forward Partners Startup general interest

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Lean Startup Implementation Lessons

Startup Lessons Learned

Guest post by Lisa Regan, writer for The Lean Startup Conference. The Lean Startup Conference was founded four years ago to bring together real entrepreneurs who have applied Lean Startup techniques and have useful advice to share with each other. None of these, she says, provides information about how well your company is delivering on your business model, nor about the true lifecycle of a customer. These show success at your core business.

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