In this activity you will:

• Create a value proposition for your idea (Why is your solution different to what exists and why is it worth paying attention to?)
• Develop your first business model canvas
• Gain an understanding of the importance of receiving and acting on feedback

What you’ll need:

• Pen/pencil & some paper
• The Start-Up Business Model Canvas worksheet 
• The Value Proposition worksheet
• Workshop powerpoint slides here.

Note: all activities can be done with pen/pencil & paper but worksheets are available to download.

What is meant by business planning? 

Having a business plan can help you explain your idea clearly and why people should use it! Planning can help you figure out different goals and how you’ll check you’re reaching them, it can help you figure out what your idea is and what its not, and it can help you know how to present your idea to other people e.g. potential customers and funders.

There are lots of different ways to develop a business plan, and its also important to remember that you’ll develop lots of versions of your business plan as you receive feedback or figure out new things about your idea. Some of the key things to include in your planning is a description of what your idea is, who would use your idea (your customers), who are your competitors and why your idea is better, and how you’ll let people know about your idea.