Flashcards on Lean Canvas: A Business Planning Tool
Lean Canvas: The Essential Business Planning Tool for Students
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Startup Planning
17 cards
Card 1
Question: What is the purpose of developing a Unique Value Proposition (UVP) in startup planning?
Answer: To articulate what makes your product or service unique and why customers should choose it over alternatives, clarifying competitive advantage and aid
Card 2
Question: What three assumptions should you validate about your UVP?
Answer: Differentiation (is it truly unique?), Perceived Value (do customers find it valuable and worth paying for?), and Relevance (does it address the ident
Card 3
Question: What is the key step when outlining the solution in startup planning?
Answer: Describe the top three features or solutions your product or service offers to address the identified problems.
Card 4
Question: Which assumptions should be validated for the proposed solution features?
Answer: Effectiveness (do they solve the problems?), Usability (are they easy and intuitive?), and Demand (is there demand among target customers?).
Card 5
Question: What benefit comes from clearly outlining your solution's top features?
Answer: It ensures the solution ties directly to problems and the value proposition, increasing the likelihood of product-market fit.
Card 6
Question: What does determining channels involve in startup planning?
Answer: Identifying how you will reach customer segments, such as online marketing, direct sales, partnerships, etc.
Card 7
Question: What assumptions should you validate about chosen customer channels?
Answer: Accessibility (can they reach target customers?), Cost-effectiveness (are they affordable given the budget?), and Engagement (do they enable meaningfu
Card 8
Question: Why is defining channels important for early-stage startups?
Answer: It provides a clear roadmap for customer acquisition and engagement, crucial for early growth.
Card 9
Question: What should be listed when defining the cost structure of a startup?
Answer: Key costs like development, marketing, and operational expenses.
Card 10
Question: What assumptions should you validate about your cost structure?
Answer: Accuracy (are estimates comprehensive?), Sustainability (can the business sustain these costs long-term?), and Efficiency (are there ways to reduce co