Tools for entrepreneurs
In our toolbox you will find all kinds of useful methods and tools that can help you develop your entrepreneurial skills or that make it easier for you to further optimize your business.
The Lean Canvas is a version of the Business Model Canvas adapted by Ash Maurya in 2010 especially for the early phase of your startup.
The Experiment Board helps you translate your ideas into experiments so that you can quickly test your assumptions.
Business model canvas
With your Business Model Canvas you create your Business Model on 1 page. You design in 9 building blocks how your startup creates, delivers and retains value for your customers.
The Lean Startup is all about preventing waste: the time, energy and money that is lost by making something that nobody wants or uses. The Build, Measure, Learn feedback loop is the basis of the Lean Startup.
Engine of growth
Your Engine of Growth is the way to achieve responsible growth based on the customer use of your product or service.
As a start-up, you measure progress and come up with experiments that give you a better view of the numbers that belong to a successful product. Innovation Accounting is the key to success.
Make sure you ask the right questions when you talk to customers to validate your assumptions. Look at what your customers are doing, enter into discussions with customers and ask about behavior.
Minimal Viable Product (MVP)
You do not need a completed product to test your most risky assumptions. This way you avoid a lot of waste if customers turn out to want something else. Therefore test with an MVP.
You look for your early adopters to see if your assumptions are correct. These are people who have the problem, have themselves manufactured a solution to bypass the problem, and are willing to pay for a good solution.
Based on the results of your experiments, you decide to adjust your approach or continue on the chosen path (pivot or persevere). If you have enough confirmation that you are working in the right way, then continue: persevere.
In the Lean Startup, the term Leap of Faith is used to describe the riskiest assumptions for your product or service. It is crucial to validate your riskiest assumptions before you decide to invest more time and money in your idea.
The elevator pitch is a short presentation of a maximum of 60 seconds in which you tell your idea.