Any enthusiast with an idea needs write it down to understand the viability to mature into a startup. LEAN CANVAS helps such people in probing deeper in a systematic way to assess the future of the venture. Even before designing the business plan, early stage startups need to create their LEAN CANVAS and determine their success rates.
As this becomes the most essential document that determines the startup trajectory, founders need to give due importance. However, the framework needs to be evaluated to fill your descriptions and arrive at a strategy.
To give this advantage to startups SRiX, Warangal is conducting an event in its campus on August 14, 2018. This is a free event, however prior registration is must. The event titled ‘WORKSHOP ON LEAN CANVAS’ would be an informative session to early stage entrepreneurs. SR Innovation Exchange is a technology business incubator at Warangal, Telangana State, INDIA,
The key speaker at the event is MARK EVANS, Technology Executive, Entrepreneur, Oxford, United Kingdom. MARK EVANS is an ‘entrepreneurial executive with a finance background, general management experience and international exposure.’ He had a ‘pivotal roles in three tech start-ups including an MBO from a multi-national company.’ His expertise ‘is in fast-moving technology businesses, from pre-revenue start-ups to multi-national companies within 3 NYSE, 2 NASDAQ and 5 VC backed organizations.’
A snap shot of the organizers, ‘SRiX helps startups build innovative products using hardware and software technologies such as IoT, AI, VR/AR, and Data Analytics in the strategic areas of Agriculture, Healthcare, Environment & Education by providing Maker Spaces, Technology Innovation Labs, Business Incubation, and market access with a Go-To-Market strategy.’
Video courtesy: YoungEnterpriseNZ
Concisely, LEAN CANVAS is a plan that focuses on vital points of any startup like problems, solution, key metrics and key differentiators. With this in place, the entity would understand the direction of movement of the organization.
Initially LEAN CANVAS had been adapted from a Business Model Canvas designed by ALEXANDER OSTERWALDER. However, over a period the framework evolved.
The main aspects in the framework that are prevalent across the globe are Problem, Unique Value Proposition, Solution, Marketing Strategies, Revenue models, Operational Expenses, Performance Evaluating Key Metrics and Differentiators.
It is essential for every founder to assess their LEAN CANVAS to succeed in his or her venture. WAY2WORLD appreciates SRiX in delivering the best for the ecosystem to thrive in a prosperous way. With inputs from internet – RajKishan