Entrepreneurship & Business Model Canvas
Table of Contents
Course Overview
This course is based on the Zantchito Training Manual on Entrepreneurship and Canvas Business Development. It is designed to transform “job seekers” into “job creators” by equipping you with the mindset and tools to start and grow a successful business in Malawi.
You will learn how to identify business opportunities, assess your own entrepreneurial qualities, and use the Business Model Canvas (BMC) to map out your entire business strategy on a single page.
By the end of this course, you will:
- Develop a strong entrepreneurial mindset.
- Identify your personal strengths and areas for growth.
- Understand the 9 building blocks of the Business Model Canvas.
- Create a complete business model for your own idea.
- Learn the basics of financial planning and resource mobilization.
Table of Contents
- Module 1: The Entrepreneurial Mindset
- Module 2: Generating Business Ideas
- Module 3: The Business Model Canvas (BMC)
- Module 4: Financial Basics & Planning
- Module 5: Launching Your Business
- Resources
- Conclusion
Module 1: The Entrepreneurial Mindset
1.1 What is Entrepreneurship?
Entrepreneurship is not just about starting a business; it’s a mindset. It’s about identifying problems and turning them into opportunities that create value.
- Job Seeker vs. Job Creator: Shifting your perspective from waiting for employment to creating employment.
1.2 Characteristics of an Entrepreneur
Successful entrepreneurs share certain traits. We will assess where you stand on these:
- Opportunity Seeking: Seeing chances where others see problems.
- Persistence: Not giving up when things get tough.
- Risk Taking: Taking calculated risks, not gambling.
- Goal Setting: Having a clear vision of where you want to go.
- Self-Confidence: Believing in your ability to succeed.
Activity: Complete the “Personal Entrepreneurial Competencies (PEC)” self-assessment.
Module 2: Generating Business Ideas
2.1 Sources of Business Ideas
Where do good ideas come from?
- Problems: What frustrates people in your community?
- Needs: What basic needs are not being met?
- Trends: What is changing in technology or society?
- Skills: What are you good at that others will pay for?
2.2 Screening Your Ideas
Not every idea is a good business opportunity. We will use a screening matrix to test your ideas against:
- Market demand (Do people want it?)
- Technical feasibility (Can you make it?)
- Financial viability (Can it make money?)
Module 3: The Business Model Canvas (BMC)
The core of this course. The BMC is a strategic management template for developing new business models. It has 9 building blocks:
3.1 Customer Segments
Who are you creating value for? Who are your most important customers? (e.g., Mass market, Niche market).
3.2 Value Propositions
What value do you deliver to the customer? Which one of our customer’s problems are we helping to solve? (e.g., Newness, Performance, Customization, Price).
3.3 Channels
Through which channels do your customer segments want to be reached? How are we reaching them now? (e.g., Social media, Physical store, Wholesalers).
3.4 Customer Relationships
What type of relationship does each of our customer segments expect us to establish and maintain with them? (e.g., Personal assistance, Self-service, Communities).
3.5 Revenue Streams
For what value are our customers really willing to pay? How are they currently paying? (e.g., Asset sale, Usage fee, Subscription fees).
3.6 Key Resources
What key resources do our Value Propositions require? (e.g., Physical, Intellectual, Human, Financial).
3.7 Key Activities
What key activities do our Value Propositions require? (e.g., Production, Problem solving, Platform/Network).
3.8 Key Partnerships
Who are our key partners? Who are our key suppliers? (e.g., Strategic alliances, Coopetition, Joint ventures).
3.9 Cost Structure
What are the most important costs inherent in our business model? (e.g., Fixed costs, Variable costs).
Project: You will fill out a blank Business Model Canvas for your chosen business idea.
Module 4: Financial Basics & Planning
4.1 Startup Costs
Calculating how much money you need to start.
- Capital Expenditure (CAPEX): Equipment, machinery, furniture.
- Operating Expenditure (OPEX): Rent, salaries, raw materials.
4.2 Pricing Your Product
How to set a price that covers your costs and makes a profit.
- Cost-Plus Pricing: Cost + Profit Margin = Price.
- Competitor Pricing: Pricing based on what others charge.
4.3 Record Keeping
The importance of keeping track of money coming in and going out. Simple bookkeeping for small businesses.
Module 5: Launching Your Business
5.1 Legal Requirements
Brief overview of registering your business (refer to the MBRS course).
5.2 Action Plan
Creating a step-by-step plan for the next 3 months.
- What do you need to do first?
- Who is responsible?
- When will it be done?
Resources
Official Manual
- Zantchito Training Manual (PDF) - The complete source text for this course.
Tools
- Business Model Canvas Template (PDF) - Download and print.
- Strategyzer - The creators of the BMC methodology.
Support
- Zantchito Entrepreneurship Program - Access mentorship and funding opportunities.
- TEVETA Malawi - Technical and vocational training.
Conclusion
Entrepreneurship is a journey. By completing this course and filling out your Business Model Canvas, you have taken the first major step. Now it is time to take action. Start small, think big, and keep learning.
“The best way to predict the future is to create it.”