A One-Page Business Plan Can Boost Your Venture
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The Business Model Canvas is a helpful tool startups (and existing operations) can use to better analyze their concepts. Just a one-page document, it demands business owners answer critical questions about their offering, including interactions with customers and suppliers, and key financial and operational considerations. By identifying gaps in understanding that lead to potential problems, business can consider quick pivots before time and money are wasted. Learn how to complete a canvas, identify your value proposition and challenge it with a hypothesis that you can test in the real world.
John Fiorello is Entrepreneurial Center Director at Northwestern Connecticut Community College. John is also the owner of TheJSG, a production company in the northwest corner of Connecticut and founder of RecordME, an award winning music-tech startup. He has served startups and businesses in Connecticut and Massachusetts as a mentor, entrepreneur in residence, adjunct faculty member, and program developer for nonprofit and for-profit organizations.