Phase 2: Planning and Strategy

• Build Business Model:

  • Use the Business Model Canvas (BMC) to map out key components of your business: value propositions, revenue streams, customer segments, and more.

  • Complement with the Value Proposition Canvas (VPC) to align product features with customer expectations.

• Assess Strengths and Risks:

  • Conduct a SWOT Analysis to identify strengths, weaknesses, opportunities, and threats.

  • Develop risk mitigation strategies based on identified weaknesses and external threats.

• Plan Finances:

  • Create Financial Projections that include revenue models, cost structures, and cash flow management.

  • Use metrics like Customer Acquisition Cost (CAC) and Customer Lifetime Value (CLTV) to ensure profitability.

  • Plan funding sources (e.g., savings, angel investors, crowdfunding) with clear ROI expectations.

You can find additional insights on our Planning and Strategy Phase here!

Go to Phase 3!