Lean Canvas 1 Day Workshop
How To Validate Your Ideas & Launch Your New Business In The Fastest Time Possible
DATE

Saturday 6th October, 2018

VENUE

Ibis Styles Hotel, London Bridge

TICKETS

£197 | £149 (Inner Circle Members)

If you’re in the process of developing a new product or service, the Lean Startup business model can help you work smarter, not harder to deliver a product that solves real problems for your customers.

Why Should I Attend the Lean Canvas Workshop?

Your business is in it's infancy, and you're frantically working every spare minute you can find to get everything done. You're struggling to get customers, and the cash isn't flowing. You need some help.

Too many startups begin with an idea for a product that they think people want. They then spend months, sometimes years, perfecting that product without ever showing it, even in a very rudimentary form, to the prospective customer.

When customers eventually communicate, through their indifference, that they don't care about the idea, the startup fails.

I don't want you to waste your time or money heading down that same path.

Christian Rodwell

Christian Rodwell, Founder of Escape The Rat Race [#ETR​R]

Dharmesh Raithata [Mentor &Trainer]

Dharmesh is Product Partner at Forward Partners; a VC firm that helps founders go from idea stage to having a great product or service and a successful business. He has a passion for User Research and Lean UX, and has a background in artificial intelligence and has been developing products for over 12 years in either his own, or other high profile startups. Dharmesh regularly speaks at locations such as Google Campus on Lean Thinking and the Lean Startup Canvas.

'The lean canvas is a new and efficient approach to developing a single page business plan that helps you to deconstruct your business idea into key assumptions to analyse it better.'

How Will The Lean Canvas Workshop Help You?

  • ELIMINATE UNCERTAINTY
  • WORK SMARTER NOT HARDER
  • DEVELOP AN MVP [Minimum Viable Product]
  • CREATE-MEASURE-LEARN
  • SAVE YOU VALUABLE TIME AND MONEY AND STOP YOU FROM HEADING DOWN THE WRONG PATH

The concept of a Lean Startup business is all about finding a gap in the market in the most efficient way possible in terms of time and money spent. It’s the amalgamation of multiple techniques that help your new product or service get to market quicker whilst avoiding the development of a product that no-one wants.

For many fledgling entrepreneurs in the idea phase of setting up in business, it can feel like they are simply taking a stab in the dark; but it doesn’t have to be such a hit-or-miss proposition. With a little lean thinking it’s possible to develop and refine your ideas to mitigate market risks.

Take a look at the image below to see some of the key principles that you'll be learning about at the Lean Canvas Workshop, helping you to achieve a better chance of long-term success on a limited budget.

Lean Canvas Workshop

'How do you know if what you're currently doing in your business is the right thing?' 
Answer: You Create A Lean Canvas.

You Should Attend This Workshop if...
  • You have an existing business but it's not performing at the level you want it to
  • You have had an idea for a new business and would like expert help to get started
  • You're always 'busy' working in your business rather than focusing strategically on your business
You Should Not Attend This Workshop if...
  • You change your mind every 5 minutes about what it is you want to do
  • Your Business is generating new leads every day and hitting your cashflow goals
  • You think that starting a business is going to be a quick and easy way to make money without putting in any hard work

Let's Look At The Key Components Of The Lean Canvas...

Problem

The problem box in Lean Canvas was created to list one to three high priority problems that need solving. The wrong products are built when several businesses fail to apply good effort, time and fiscal resources. It is thus crucial in understanding the problem first.

Customer Segments

It has been observed that if the target is to attract more than one range of customers, for example, engineers and accountants, it is better to create a canvas for each one. The Problem box and CS can be seen as linked with each other intrinsically, i.e. You can’t think of any problems without a Customer Segment, and vice versa.

Unique Value Proposition

Unique Value Proposition is situated in the middle of the Lean Canvas. A promise of value to be delivered to the customers is called a value proposition. This should be the main reason a prospective buyer has to buy from you. Thinking and understanding why your product is dissimilar and why should your Customer Segments want to buy or invest in your company and your product is the best way to understand Unique Value Proposition.

Solution

A cordial solution has to be found once the problem has been recognized. This is the reason why the Minimum Viable Product concept within a Solution box was introduced in the Lean Canvas. The jackpot has been finding the solution to the problem. The solution cannot 'be found in the office building but out there in the streets.' The best way to understand is by interviewing your Customer Segments, asking them questions and taking those learnings into account.

Key Metrics

It is better for a Startup to pivot on one metric and develop on it.  The metrics should include the range of services or products you intend to provide. Since the wrong one could be disastrous to the startup, it is therefore critical that the right metric is identified. Irrespective of industry or size, every business will have some key metrics that are used to monitor performance.

Channels

Channels are the best way for you to reach out to your Customer Segment. It is essential to focus on learning about the channels than to not to think about scale in the initial stages. Channels, which are free as well as paid, can be used to reach your customer directly. Some examples of Channels are social, trade shows, email, CPC ads, radio & TV, blogs, webinars, articles etc.

Cost Structure

The entire variable cost, as well as the fixed costs, is to be listed here. Questions regarding Cost Structure are to be thought here. How much will it cost to build a page? What is the amount required to run your company in a month? What will be the cost to interview your customer segment? How much do market research papers cost? etc. A rough break-even point can then be calculated from these costs and potential revenue streams.

Revenue Streams

It is common for startups to lower their cost or even offer it for free in the beginning to gain attraction. The key is it actually delays or even avoids getting checked for validity. It has been seen that getting people to sign up for something for free is a lot different than asking them to pay as they are more interested in free products.

Unfair Advantage

Ash Maurya, Creator of the Lean Canvas said, “You may initially have to leave this box blank but the reason it’s here is to have you really think about how you can both make yourself different and make your difference matter”. A startup should always have the capability to recognise whether or not it has an unfair advantage over others. Unfair advantage can come in different forms like getting expert endorsements, a dream team, insider information, existing customers etc.

BONUS: 30 DAY FOLLOW UP ACTION PLAN

So you've attended the workshop, what happens next?

So many workshops give you the tools and then either leave you to figure the rest out by yourself, or charge you a fortune to progress to the next level of training. Not at Escape The Rat Race.

By the end of the Lean Canvas 1 Day Workshop you'll have created your personalised Business Plan. You'll have a newfound clarity and excitement about your business again. But then you'll need to put your plan to work!

The problem with most traditional business plans is that they're boring and don't ever get used. That's absolutely NOT the way the Lean Canvas is intended to be used...and we're going to make sure that you don't leave this workshop and hide your plan away in a drawer to gather dust.

During the afternoon session we’ll go into action mode and you’ll start implementing your plan to begin validating your new business model. We’ll be showing you exactly which inexpensive online tools and software you can use to launch your new business on a shoe-string.

  • Follow Up Group Webinar 30 Days After The Workshop To Tweak Your Plans and Report On Progress
  • Free Tools To Help You Gather Vital Customer Feedback To Validate Your Business Model
  • Private Online Forum To Upload & Share Your Lean Canvas Business Plan With Others For Feedback

Are You Ready To Escape The Rat Race?

If you're looking for more freedom and more passive income in your life, then you have to focus on income generating assets. Creating a business is one of the best assets to help you build wealth and free you from your demanding 9-5 day job. However, if you've never started a business before then it can be stressful, hard-work, and costly. This workshop will help you to focus on each fundamental area that you need in order to be successful, ensuring that you can start attracting clients and generating cashflow from the start.

Ticket Information

Inner Circle

Special Discounted Ticket Price for #ETRR Inner Circle Members Only

£

147.00

  • Create Your Lean Canvas
  • Hot Lunch
  • 30 Day Follow Up Webinar
  • Bonus Session Included
  • check
    Save £50
ELITE

Follow up 1-2-1 mentored guidance on execution of your Business Plan

£

297.00

  • Create Your Lean Canvas
  • Hot Lunch w/ Mentors
  • 30 Day Follow Up Webinar
  • Free Wealth Dynamics Test
  • check
    30 Minute 1-2-1 Session

'The Lean Canvas has helped millions of people around the world design better businesses.
What are you waiting for?'

100% MONEY BACK GUARANTEE


Our intention is always to deliver the highest quality education and training we possibly can for all of our valued clients. If for any reason you attend the Lean Canvas Workshop and are not completely satisfied with the training provided on the day, simply speak to the trainer or contact us via email or phone following the event, and we will refund you 100% of your ticket fee.

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