It is also called a one-page business plan template for StartUps. There is a certain limitation with writing a business plan, Most people hate writing business plans. They take too long to write. You end up making up most of the answers. And worst of all, the people who make you write these plans (i.e. investors), don’t even take the time to read them — opting instead for shorter versions like the 1-page executive summary, 10-page slide deck, or 30-second elevator pitch.
Steps to Start Writing on The Startup canvas
1. Customer Segment
3. Value Proposition
Is it worth building a product? it’s just as critical to start finding, building, and testing a significant path to your customers from day one. Describe marketing channels both inbound and outbound strategies. This also includes pricing strategies as well.
7. Revenue Model
Revenue Depends on your pricing strategy. Describe revenue streams with a breakeven point.
8. External Risks
Brief about top 3 external Risks.
9. Key Performance Indicators
Key Performance Indicators (KPIs) are the elements of your plan that express what you want to achieve by when. For Example one of the Financial KPI is Growth in Revenue.
List out key members of your workforce. These include Founders, Co-Founders, Partners, Investors, Advisers, and other employees.
The StartUp Canvas is also majorly meant for Ideation Stage StartUp and not the Lean startups, customers, consultants, investors or advisers. It has no specific medium of implementation and you can use it first and then shift to the Lean Canvas or either way.