The Business Model Canvas & MVP Sizing
1. The Business Model Canvas (BMC)
A strategic management template used to quickly sketch and map key business areas (partners, activities, value propositions, customer relationships, resources, channels, cost structures, and revenue streams).
2. MVP & Unit Economics
- Minimum Viable Product (MVP): Building the simplest functional prototype to gather feedback from early users.
- Unit Economics: Proving that the revenue generated from a single transaction exceeds its marginal cost.