Lesson 2: From Idea To Business Model 5 min.
Find out why you need to develop an idea into a viable business model, how to envision your business model, how to prototype multiple business model options, and how to map out the environment so that your business can thrive.
Lesson 2.1
From Idea To Business Model
Your business plan is not the same as a business model. Find out why in this lesson.
2 min.
Lesson Notes
A business idea is not a business plan
Your business plan needs to be financially sustainable and scalable.
It needs to have a reliable Customer Acquisition Costs (CAC).
Lesson 2.2
Do You Need A Business Plan?
Do you really need a business plan? Learn how to articulate your idea to everyone.
3 min.
Lesson Notes
Reason why you need a business plan
Allows you to articulate what your company is trying to do, the problem you are trying to solve and the product you are trying to bring to market
It can be used for presentations with investors so that they can understand your business
Shows to investors that you understand your problem statements and solutions to that problem
Gives your employees an understanding of what you are trying to achieve in a nice structure format that is easily understandable
Things needed in a business plan
Proposition
Numbers
Team Members