Lean Startup: Problems, market, value proposition & business model

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Why.. are you here?

Transcript of Lean Startup: Problems, market, value proposition & business model

Why.. are you here?

Problems

People hire your product to get a job done. Jobs to be done - Christensen & Moesta

Jobs to be done

• Tasks customers are trying to perform and complete

• Problems they are trying to solve

• Needs they're trying to satisfy

"People don’t want to buy a quarter-inch drill. They want a quarter-inch hole."

Theodore Levitt

5 whys

Market

"You can't do business with everybody." Lynda Falkenstein

Go niche

Early adopters

Acknowledge she has a problem

Has a problem

Has been actively looking for a solution

Tried to solve the problem

Has or can acquire a budget to pay for the solution

Value Proposition

• Solution is about features, Value Proposition is about benefits.

• Your Value Proposition describe the value you want to deliver to customers, your solution is how you propose to achieve it.

• What do you do? What are the key benefits? How are you unique or different?

• "Help the world remember everything, communicate effectively and get things done"

• "Belong anywhere"

• "-------- lets you work the way you want, wherever you are, with anyone you choose."

• “Voyagez moins cher en toute confiance”

• “Connect with friends and the world around you on ——-"

• “Powerful collaboration, code review, and code management for open source and private projects.”

• "All your communication in one place”

• “Watch TV shows & movies anytime, anywhere”

Business Model

Not what you think. Prove me wrong.

What are the most important costs inherent in our business model? Which Key Resources are most expensive? Which Key Activities are most expensive?

Through which Channels do our Customer Segments want to be reached? How are we reaching them now?How are our Channels integrated? Which ones work best?Which ones are most cost-efficient? How are we integrating them with customer routines?

For what value are our customers really willing to pay?For what do they currently pay? How are they currently paying? How would they prefer to pay? How much does each Revenue Stream contribute to overall revenues?

For whom are we creating value?Who are our most important customers?

What type of relationship does each of our CustomerSegments expect us to establish and maintain with them?Which ones have we established? How are they integrated with the rest of our business model?How costly are they?

What value do we deliver to the customer?Which one of our customer’s problems are we helping to solve? What bundles of products and services are we offering to each Customer Segment?Which customer needs are we satisfying?

What Key Activities do our Value Propositions require?Our Distribution Channels? Customer Relationships?Revenue streams?

Who are our Key Partners? Who are our key suppliers?Which Key Resources are we acquiring from partners?Which Key Activities do partners perform?

What Key Resources do our Value Propositions require?Our Distribution Channels? Customer Relationships?Revenue Streams?

Day Month Year

No.

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Nespresso

• A value proposition needs a business model that can deliver it

Florent Piétot Founder at Tribe, iOS creation studio

@fpietot