Different between a traditional plan and lean business plan

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The different is Business Model Canvas, Lean Canvas, this is very important when running a business

Traditional plan business plan consists of the following:

  1. Executive summary….
  2. Company description. …
  3. Market analysis. …
  4. Organization and management. …
  5. Service or product line. …
  6. Marketing and sales. …
  7. Funding request. …
  8. Financial projections..

It’s important to consider the Business Model Canvas when writing a business plan

The following are the nine components of the Business Model Canvas version here.

Key partnerships

Note the other businesses or services you’ll work with to run your business. Think about suppliers, manufacturers, subcontractors, and similar strategic partners.

Key activities

List the ways your business will gain a competitive advantage. Highlight things like selling direct to consumers, or using technology to tap into the sharing economy.

Key resources

List any resource you’ll leverage to create value for your customer. Your most important assets could include staff, capital, or intellectual property. Don’t forget to leverage business resources

Value proposition

Make a clear and compelling statement about the unique value your company brings to the market.

Customer relationships

Describe how customers will interact with your business. Is it automated or personal? In-person or online? Think through the customer experience from start to finish.

Customer segments

Be specific when you name your target market. Your business won’t be for everybody, so it’s important to have a clear sense of who your business will serve.

Channels

List the most important ways you’ll talk to your customers. Most businesses use a mix of channels and optimize them over time.

Cost structure

Will your company focus on reducing costs or maximizing value? Define your strategy, then list the most significant costs you’ll face pursuing it.

Revenue streams

Explain how your company will actually make money. Some examples are direct sales, membership fees, and selling advertising space. If your company has multiple revenue streams, list them all.