lean venture series - stage 3 lesson 3 slides
TRANSCRIPT
1
Stage 3: Preparing to GrowLesson 3: Building your Team; Developing your Elevator Pitch
2
Review• GKG – Get. Keep. Grow• CAC – Customer Acquisition Costs• LTV – Lifetime Value of Customers
3
ObjectivesBy the end of this lesson you should be able to:• Understand reasons to identify business partners• Identify business functions that you do best and
functions that business partners can do for your business
• Identify Strategies to find business partners
4
Objectives, cont.By the end of this lesson you should be able to:• Understand why the elevator pitch is
important• Learn components of “the pitch”• Develop and test your elevator pitch
5
Finding the right partner• Define & validate your market / product-mkt fit• Identify core values• Develop selection criteria - core competencies
needed• Diverse talents; complimentary skill sets.• Different skills and weaknesses• Negotiate a partnership agreement
– (BCLS EBSCO Legal Info. Ref. Ctr)
6