where do I start? A question in every entrepreneur’s mind. To answer this question, this page includes educational materials from a definition of entrepreneurial terms to educational materials uploaded by experts.
Steve Planck advises any Start Up (and what he meant by StartUp is not just technical startups, it is more comprehensive than that; “StartUp, is an institution established to look for a viable business model”, says Planck) to start first with a business model through using the Business Model Canvas.
It is better to first write a business model using Business Model Canvas and write your hypotheses (we call our ideas when writing on the Business Model Canvas with assumptions because we will, after writing it, confirm whether it is correct or not) for each of the parts of the Business Model Canvas. After writing your form, you will validate each hypothesis by asking your customers about both your assumptions and their feasibility. If a change is needed to modify your assumptions and because you have written them on one page through the Business Model Canvas, it will not be difficult.
After you have reached an appropriate business model (you have written and verified the feasibility of all the elements of the model written on Business Model Canvas), you can expand and start writing the Business Plan to include the business model that you wrote as the basis of the plan and how you will achieve it, plus it should include what you need, this includes talking about the team, stages of project completion, future financial projections and so on.
Business Model Canvas
“A business model describes the rationale of how an organization creates, delivers, and captures value.” the Business Model Generation book
Is the process of collecting, analyzing and interpreting information about the market – that is, about the product or service that will be offered for sale in that market – so that this accurate and comprehensive information is the basis for all successful businesses because it provides a wealth of information about current and potential customers, competition and industry in general and allows For entrepreneurs to determine business feasibility before allocating significant resources to the project.
To download market research materials: Click here
It is a plan that includes a business model with more details on how you will implement it, as well as detail about the team, the milestones, your financial projections, and so on.
To learn how to make a business plan: click here
Design thinking refers to creative strategies designers utilize during the process of designing. Design thinking is also an approach that can be used to consider issues, with a means to help resolve these issues, more broadly than within professional design practice and has been applied in business as well as social issues
To download educational materials on Design Thinking: click here