Startup Company: Formation
Earners of this badge have an understanding of the practical skills related to starting a company. Earners demonstrated they can translate market research and customer feedback into a functional business model, product/service, and more complete description of their company. They have shown competency in the following skill areas: financial statements, ratios and projections, relationship between core business segments, and product-market-fit.
- Startup Company: Formation
Business Model Canvas - Create a one-page Business Model Canvas populating each of the nine (9) blocks of the canvas with at least three (3) bullet points appropriate to each block.
Develop a Minimum Viable Product, that is, a physical and virtual mockup, prototype, or other tool by which you can learn the most important insights from your customer, for the least cost, in the shortest amount of time.
Craft pro forma financial statements covering the next 3 years, including Income Statement, Balance Sheet and Cash Flow Statement.