Create a Lean Canvas with your Team

The essential tool for every entrepreneur –  after all life’s too short to build something nobody wants. Cover the fundamentals of your business and raise your odds of success with the Lean Canvas Template.

Easily invite everyone to add ideas wherever they are or use it as a way to organize thinking in the room. Dot vote on the priority areas that need validation and add action items. Add images, descriptions to better communicate your message and capture comments from discussion.

Print off a copy of your canvas, grab your action reports and get ready to get your business off the ground.  All your data is saved and ready for when you return. It’s time to create something amazing.

Using your Lean Canvas Template

Initially created by Ash Maurya in the spirit of Eric Ries, author and creator of the Lean Start up Method under creative commons.

Time:

About 20-30 minutes per iteration.

  • Step 1 – Add a project name to your lean canvas template, then invite the team.
  • Step 2 – The lean canvas template is broken up into sections, the first canvas sections you should complete is the Problem and Customer Segments. This is what will determine who will use your products and what problem you solve for them.
  • Step 3 – Now describe the solution and the unique value proposition. This should be a clear and compelling message that states why you are different and worth buying from. At this point it’s worth thinking about what unfair advantage you might have over the competition that would reduce switching behaviours and that can give you a lead in the market.
  • Step 4 – Think about the channels that will have you reach your target customers, based on where they live, work, read or play. The key metrics sections should be completed to identify the things that will tell you if you are hitting the mark or not.
  • Step 5 – The next segments to is the cost structure and revenue streams. It is extremely important that you know and understand how your business will make money and how much it will cost to get off the ground. It’s at this point that it is worth stepping back to review the full lean canvas template.
  • Step 6 – As an option you can use the dot voting stage to identify the areas of the canvas that need the most validation. It could be the price point in the revenue stream, or the channel that the customers can be reached. This helps the team focus on the key weaknesses of the current business model that requires the most validation. Check out the results in real time to discuss where people feel the gaps lie.
  • Step 7 – Use the action stage to assign action items to the focal areas. You can add a list of actions, including what needs to be done, who should do it, and when it needs to be done by. This can be a report you print or send off to everyone.
  • Step 8 – You have now completed your canvas, go through and make sure everyone is satisfied with the canvas then head to the reports tab to print out your canvas.
  • Hint: If your business is constantly changing, it is best to revise your canvas once a week to stay up to date on your business.