Nov 27 @ 2:00 pm – 3:30 pm
[NON TECH] Validating Your Business Concept: Cash Flow Meets Lean Startup Canvas (Virtual)
About this workshop:
Do you have a great idea, but aren’t sure if it could become a great business?
This interactive 1.5-hour session is designed for aspiring entrepreneurs who are ready to explore whether their idea has the potential to become a successful venture. Whether you’re at the very beginning of your entrepreneurial journey or re-evaluating an existing concept, this webinar will help you take a critical first step.
What You’ll Learn:
- Assessing Your Business Idea: Learn how to evaluate your idea through key questions that entrepreneurs should ask before launching. We’ll discuss factors such as customer needs, value proposition, market fit, and feasibility.
- Introduction to the Lean Startup Canvas: You’ll be introduced to the Lean Startup Canvas – a powerful, one-page tool designed to help you visually map out the key components of your business model. We’ll guide you through each section, helping you start validating your idea right away.
- Understanding Basic Cash Flow: Finances are critical, especially in the early stages of a business. We’ll walk you through a simple cash flow projection tool to help you understand your potential income, expenses, and financial runway. cash flow template will be provided to all attendees for ongoing use.
Who Should Attend:
- Individuals with a new business idea they’d like to explore
- Early-stage entrepreneurs seeking validation tools
- Anyone considering self-employment or launching a small business
What You’ll Leave With:
- A solid understanding of what makes an idea viable
- A draft version of your Lean Startup Canvas
- A cash flow worksheet tailored to small businesses
- Greater confidence in deciding whether to move forward
Note: This session does not cover writing a full business plan. All attendees will be receiving a copy of the lean startup canvas & cash flow worksheet (with formulas pre-saved) in their follow-up email.
About the speaker:
Paula Hopkins is a passionate entrepreneurship advocate. She is the Director of the Entrepreneurship Team, and has worked with Invest Ottawa for over 10 years to help people start and grow their businesses.
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