Business Model Canvas

2. 10.00- 10.05: YS Intro
10.05 - 10.10: Ice Breaking
10.10 - 10.25: Video and Sharing
10.25 - 10.55: Breakout 30mins (4 groups of 5)
10.55 - 11.15: Presentation
11.15-11.25: Wrap Up & ‘Q and A’ session
11.25-11.30: Yuen Shen Close
presentation is 3mins per group and 2mins
comment
OUTLINE WORKSHOP

8. Every business idea does need a plan.
The plan that will help entrepreneurs avoid obstacles on their startup
journey, mitigate risks and make sure their company will stand the
competition.
But how?
Writing a multi-page business plan might appear to be quite a resource-
consuming activity. You’ll need to go into detail and plan each step to
convince investors to give you funds.
A well-thought-out business scheme like a lean business model canvas may
serve as a visual representation of your business plan, which you will pitch
to investors (Olexandra MiklashonokJun 03, 2020).

9. https://www.youtube.com/watch?app=desktop&v=2nW9lg-fenY

11. BREAKOUT SESSION
ASSUME YOU ARE GOING
TO
PUT UP A STALL FOR YOUR
SCHOOL
CARNIVAL FUND RAISING
FAIR OR IF YOU WANT TO
ENTER THE BEST BUSINESS
IDEA CONTEST AND WIN!!

13. 1. CUSTOMER SEGMENT
IDENTIFY THE NATURE OF YOUR BUSINESS
- LIST YOUR TARGET
CUSTOMERS AND USERS
-list characteristics of your ideal customers

14. 2. PROBLEM –

15. - Outline possible solution for each
problem identified in no. 2
e.g. Air BnB / Vacation Club /Timeshares

17. Simple message
that is clear and compelling enough
to turn your
target prospect into a customer(buyer)

19. 7. Key Metrics
What analytical numbers will prove our
business is doing well?
e.g. no of returning customers/
% rooms occupied in a hotel/
no. of products sold / no. of customers
served / total daily sales

20. - List your fixed costs and variable costs

27. It’s always up to you what goals to set and how to develop
your business
By deciding to apply the lean canvas model, you get a time-
saving approach to planning and strategizing that will provide
you with lots of insights and benefits.
Thus, if you’ve been wondering whether you should use a
lean canvas model, our answer is: ‘Yes, you should’.

29. APPENDIX: Template given by Jesilin for Naomi to put into Jamboard
– REFER NEXT SLIDE BUT PLEASE MODIFY ACCORDINGLY FOR LBMC

30. The Business Model Canvas was developed by Strategyzer (Alexander Osterwalder and Yves Pigneur)
This work is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported License. To view a copy of this license, visit:
http://creativecommons.org/licenses/by-sa/3.0/ or send a letter to Creative Commons, 171 Second Street, Suite 300, San Francisco, California, 94105, USA.
Designed for: Designed by: Version:
KEY PARTNERS KEY ACTIVITIES VALUE PROPOSITION CUSTOMER RELATIONSHIP CUSTOMER SEGMENTS
KEY RESOURCES CHANNELS
COST STRUCTURE REVENUE STREAMS
https://www.garyfox.co/canvas-models/how-to-use-business-model-canvas-guide/
BUSINESS MODEL CANVAS Read guide at www.garyfox.co