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While researching my book, i got to travel the world and found entrepreneurs everywhere i went. Traction is the only metric that matters. Read writing from ash maurya on medium
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The revenue stream box usually describes how the startup will make money (like subscriptions or advertising) but is often absent on specific pricing Measuring the number of customer interviews, experiment velocity, and business model canvas updates are all proxy metrics that can and will be gamed The lean canvas isn’t intended to be a standalone document but a visual communication tool best complemented by a business model story narrative delivered by the entrepreneur.
Many startup founders manage to convince themselves that they have no competition
But this is often because they aren’t looking broadly enough and defining their competition solely in terms of their solution or product category. Educators who want to incorporate running lean and the lean canvas methodology into their entrepreneurship course Mentors at corporate incubators and startup accelerators who want to raise the quality of entrepreneurs that enter and leave their programs. Prioritizing what’s riskiest versus easiest on the lean canvas is the next step in the diagnostic process
This is the key step in getting a team to focus on “right action, right time” — the few key actions that help drive the biggest impact in their business model. This is a key step for establishing any meaningful innovation metrics
