When you dream to become a successful entrepreneur and open your business venture with out-of-the-box ideas, the first you ever need is a solid plan to eliminate hurdles in your start up journey. This makes you reduce risks and enter into the competitive market. Some people think that planning for a business is a very tiring task. However, nowadays, technology has made things easy for all of us. Planning for businesses is done much easily via efficient tools such as the lean canvas model which visually represents your business plan to your investors or other stakeholders. You will be surprised to know how world-famous businesses men have implemented this strategy and reached their goals by successfully planning their businesses. That is why we bring you the top examples of successful business stories which you can read here.
What is the Lean Canvas Model?
Well, this exciting business model is a strategic management tool that provides a gateway for business owners to plan their business strategies on this platform. This model became really popular as it is very simple to use. All you have to do is, follow significant principles in the lean canvas model, and you are done preparing an awesome plan. The lean canvas model makes you learn your grey areas or problems by learning through your mistakes. Furthermore, the lean canvas model makes you take a risks by giving you a platform to test your product idea and check if it will beat competitors or not. Moreover, it also makes you deliver valuable and unique services to your customers by testing your amazing ideas in the business market among a vast variety of audiences.
Hence, we bring you the top five examples of successful businesses which implement the lean canvas model in their business planning. So here it goes!
Facebook’s journey started with its owner name Mark Zuckerberg. This company belongs to USA market and successfully runs across the world. The owner’s main aim was to solve problems of students by building a communication tool where students can learn and interact with each other. Its unique selling proposition was providing an online platform to enhance communication, especially for Harvard University students, where the owner belonged to. This successful app become the talk of the town by word of mouth which made it popular across the global communication market.
Google was founded in 1998 by Sergy Brin and Larry Page who belong to the USA. This incredible business idea was developed by students of Stanford University. Yes, not every time Harvard wins the race of producing successful entrepreneurs. This was developed by graduates of computer science who wanted to develop a search engine and came up with a unique name called as Google. Due to this development, everyone was able to find content on the internet without any worries. It became so popular that it gained a competitive advantage over search engines such as Yahoo or Excite. Google used Lean Canvas Model by identifying the problem which was to find difficult information on the internet. It provided a unique selling proposition by offering fast results of searches for the web users. Hence, it became a highly reliable tool for information search.
Apple was founded in 1976 by steve jobs at a time when technology and user-friendly computers never existed. Therefore, Steve Jobs decided to leave his college and work on his dream project by forming a company he was always passionate about. He transformed the world of communication by reaching new heights by using computers. Hence, he created the company known as ‘Apple’. Of course, who does not know about it? It uses the lean canvas model by identifying the major problem of no presence of user-friendly computers during the era. Therefore, he decided to create a portable computer for employees and students. Now, it has touched the top sales of the world market and has become a very popular brand.
When you hear Tesla, all you can recall is Elon Musk. Well, let me tell you. Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning, who are two USA-based entrepreneurs. They invented the electric car concept when General Motors failed to produce and implement the idea of an electric car. Their idea was shared with PayPal’s director Elon Musk who later joined the board of directors of Tesla and funded billion dollars in the company. The company identified the problem of the lack of electric cars which do not consume fuel, which is becoming disastrous to the world’s environment. Hence, it provided a unique selling point for developing electric cars which work on batteries, targeting sports lovers and athletes. Without any marketing investment, Tesla gained popularity and fame with its CSR approach and initiatives.
Skype holds the same importance as others which were formed in 2003 by Niklas Zennstrom. They developed a creative idea and formed a social site where the audience and users can video call and interact with each other virtually. This made them develop a platform where users can do free video calls who have internet access.
These examples show that the Lean Canvas Model focuses on the problem and aims to find a unique solution for businesses to succeed in the markets. If you want to develop your business idea, get in touch with LitsLink which has a multi-talented team that implements your ideas into solutions. What are you waiting for? Now is the time to think out of the box and make your entrepreneurial dream come true!