https://www.etrr.online/podcast54
EP54: The Lean Canvas Business Model, with Dharmesh Raithata
What’s the big problem that your business solves for people?
My name is Christian Rodwell and today I’m talking with lean thinking Expert Dharmesh Raithatha about how every aspiring Entrepreneur can get started on the right track with lean thinking and obtaining the best results in your new business.
Dharmesh is Product Partner at Forward Partners and he helps founders go from idea stage to having a great product or service and a successful businesses.
Dharmesh has a passion for User Research, Lean UX and using data to inform decision making. Dharmesh also has a background in artificial intelligence and has been developing products for over 12 years in either his own, or other high profile startups.
Now if you’re still in the early stages of developing your own business or perhaps have not yet even launched, then today’s episode is going to be especially useful as we discuss some of the methods used in the Lean Business Canvas, which is a highly engaging and fun way of creating a winning business plan that identifies all of the crucial ares in the business that you need to have sussed before you advance too far.
In this episode you’ll learn…
What a Venture Capitalist is and how they think
What is the Lean Canvas Model and why you should create one for your business
The differences between Venture Capital and Angel Investing
The first step that every entrepreneur needs to take when validating a new idea
Tools you can use to quickly bring your ideas to life in a MVP (Minimum Viable Product)
The importance of testing your ideas quickly
The early steps that AirBnB took to validate their business model before they scaled
The first steps for finding a co-founder or mentor to prevent you from going down a rabbit hole in your new business
How you can go about protecting your ‘big idea’ if you’re concerned about someone stealing it
QUOTES
‘Your first sale is the hardest. The reality is you’re going to get more.’– Dharmesh Raithata
‘If you haven’t got venture capital, you have to be more creative in how you acquire your customers’– Dharmesh Raithata
‘Startups are hard, stressful and income is often low. You have to love what you do’– Dharmesh Raithata
‘The best way to protect your idea is by owning it and getting it out there’– Dharmesh Raithata
GUEST DETAILS
Dharmesh Raithata LinkedIn Profile https://www.linkedin.com/in/dharmeshraithatha/
Dharmesh Raithata Twitter https://twitter.com/dhrmshr
Forward Partners https://forwardpartners.com/team/
LINKS & RESOURCES MENTIONED IN THIS EPISODE
Marvel – Bring Your Ideas To Life https://marvelapp.com/
Invision – Make the products you love most https://www.invisionapp.com/
Slack https://slack.com/
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