Lean Launch Pad prep for Week 7: Key Activities Tues 2/10 & Wed 2/11/15.
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Transcript of Lean Launch Pad prep for Week 7: Key Activities Tues 2/10 & Wed 2/11/15.
Lean Launch Padprep for Week 7:Key Activities
Tues 2/10 & Wed 2/11/15
Title of Presentation
LLP Week 2
Adapted from Steve Blank’s Lean LaunchPad Coursehttp://steveblank.com/2011/03/08/a_new_way_to_teach_entrepreneurship
LLP Week 3
LLP Week 4
& LLP
Week 5
LLP Week 1 – Overview of the whole canvas
LLP Week 6
LLP Week 7
Title of Presentation
Key Activities
What must your business do to make the business model work? For example:• Intellectual property?• Technology development?• Production?• Supply chain management?
• What are your hypotheses about key activities? • Internal or external sources?• Costs
• What experiments will you design/carry out to verify these hypotheses?• Who should be interviewed?• What will you ask?
Title of Presentation
Preparing for Next Class: Key Activities
A Slight Course Pivot: http://blogs.umass.edu/leanlaunchpad/2015/03/09/a-slight-course-pivot/
Watch Course video lesson 7: https://www.udacity.com/course/viewer#!/c-ep245/l-48673791/m-48734293 and lesson 8: https://www.udacity.com/course/viewer#!/c-ep245/l-48758017/m-48719304
SOM pp.160-175: Resources SOM pp. 267-269: Can We Make Money (revisit) SOM pp. 434 – 456: Metrics that Matter (revisit) Review Mark Leslie’s slides:
http://www.slideshare.net/markleslie01/0110-business-model02
Note: These materials encompass the Key Resources and Cost blocks in the BMC.
Leave campus: go talk to at least 10 potential customers (target 15).
Hypothesis Testing
Title of PresentationTitle of Presentation
Next Class: Key Activities
• Teams present their updated business model to the class: • Slide 1: Title Slide. Tally # Interviews so far and this week. • Slide 2: Primary value proposition, customer segment, and MVP• Slide 3: Business Model Canvas, with changes highlighted in red and
invalidated hypotheses marked.• Slide 3: What were your hypotheses about Activities?• Slide 4: What experiments did you run to test them?• Slide 5: Diagram of revenue and activities timeline (what do you need to
do before you generate revenue?)• Example: https://steveblank.files.wordpress.com/2011/05/financial-
and-ops-timeline.jpg• Slide 6: What are the metrics that matter for your business model?• Slide 7: Did anything change on the right side of the canvas?• Slide 8: What did you learn??