Transcript Document
IDEA DEVELOPMENT Business Model Canvas + Idea Canvas 30 – 90 minutes Turning Your Idea into a Business A business model describes how your idea will create value. You can visualize your business model using a business model canvas… Key Activities Key Partners What external partnerships should you invest in? • • • • Mentors? Lawyers? Distributors? Suppliers? What will your business spend most time doing? Value Proposition Product development? Sales? Other? Key Resources What will it cost for: Manufacturing? Intellectual Property? Human Resources? What is your product/service? Who is it for? Why is it valuable? Cost Structure What are the most important costs that your business will have to pay? Customer Relationships Customer Segments What types of interactions will your customers expect to have with you? Who are your paying customers? Channels Do you have any non-paying customers? How will customers find out about you? How large is this group? How will you get products to them? Do you have multiple customer segments? Revenue Streams How will you make money from this? Adapting the Business Model Canvas The structure of the business model canvas can be used to develop any idea even if you aren’t planning on turning that idea into a business. The next slide contains an example of an “Idea Canvas” Key Activities Key Partners Who can you ask to invest their time and energy to help you? • • • • What specific tasks must you do to get your idea off the ground? YOUR IDEA Project Idea Audience Relationships What kind of relationship are you trying to build with your audience? Audience Segments Who is your idea for? Lesson Idea Teachers? Peers? Parents? Subject Experts? Key Resources What materials should you invest in? Thesis Statement Hypothesis The Cost of Your Idea Time investment Which collaborators would be valuable to invest in? Material investment Channels What are some different ways of presenting your ideas? What are the needs of this group? Why would they find your idea valuable? The Value of Your Idea Social Value Academic Value Monetary Value Additional Resources Download a free “Idea Canvas” template here. Access related activities, videos and concepts here.