ECRDA: Loan officer training - Session 2
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The document discusses the lean startup approach to launching new businesses. It contrasts the traditional business plan model that takes months or years to validate an idea, with the lean startup methodology of running experiments quickly to learn if an idea is viable. The lean startup approach advocates developing a minimum viable product and getting customer feedback to iterate the business model rapidly. An example is given of AnyPerk, a company that tried several different business ideas in just 3 months before settling on offering employee perks and discounts.
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ECRDA: Loan officer training - Session 2
- 2. How we used to launch startups Business Plan Launch Product Development Learn if idea will work!Months / Years
- 5. Steve Blank Eric Ries
- 7. Training Trends – The Lean Start-up Customer Development + Business Model + Agile
- 8. Training Trends – The Death of the Business Plan Business Model Tools + Validation Boards “new ventures launched with formal written business plans do not outperform ones launched without them.” Source: Lange, Mollov, Pearlmutter, Singh and Bygrave (2007)
- 9. A lean startup Run Experiments Launch Product Development Learn if idea will work! Months / Years
- 10. Quickly learn if a business idea will work!
- 11. Move from Plan A to a plan that works!
- 12. The story of anyperk: 3 months 1 Dating site Mieple (Through friends) 2 Introductions to investors (Through friends) 3 Introductions to jobs (Through friends) 4 A translation company 5 Movie advice company 6 Teaching through Skype 7 AnyPerk (Offer discounts and perks to employees)
- 14. Lean Startup: Blue River
- 15. Marc Andressen: Assumptions and risks
- 17. Alex osterwalder
- 21. Marketing, sales and service
- 22. Revenue streams
- 23. Key resources
- 24. Key activities
- 25. Key partners
- 26. Cost structure
- 27. How much did the price of coffee consumption change in Swiss households over the last couple of years?
- 28. 800%
- 29. What was Nesspro’s business model?
- 56. 0 10 20 30 40 50 60 70 Before After 16% Business raising funding 65%
- 58. Key assumptions and risks
- 60. List the key assumptions and risks (15 mins)
- 62. List the key assumptions and risks (15 mins)
- 64. List the key assumptions and risks (15 mins)
- 65. Lunch
Editor's Notes
- Have recycling product 3 billion francs with one product line
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model
- Lets turn it into a tool. Very quickly you map out a business model. What is powerful is Channels - Only through there own channels. Failed business model