In his 2004 book Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers, Alexander Osterwalder introduced the free Business Model Canvas template. This business plan template is popular among startup incubators and entrepreneurial MBA programs because it helps founders organize their research and thoughts to test the viability of their business model. The $100 Startup One Page Business Plan is an adaptation of the original canvas for those who want to create a business plan on one page.
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The template focuses on key questions such as:
- What problem does your product or service solve?
- Who are your customers, and how will you reach them?
- What sets your product or service apart?
- How will you make money and track your progress?
Strengths
- Free and easy to use: The template is free and easy to use, making it accessible for entrepreneurs of all levels.
- Comprehensive: The template covers everything from identifying the problem to tracking progress. This makes it perfect for entrepreneurs who want to develop a comprehensive business plan.
- Focused: The template keeps founders focused on the key elements of their business model and helps them avoid getting sidetracked.
Weaknesses
- No Support: The template provides no support or guidance for completing the form.
- Too General: The template is generic, so it is not tailored to specific types of businesses.
Summary
The $100 Startup One Page Business Plan is an adaptation of the original Business Model Canvas template designed to help entrepreneurs create a comprehensive business plan on one page. It is free and easy to use, making it perfect for entrepreneurs of all levels. However, no support is provided, and the template can be too general for some businesses.