Entrepreneurial Skills

that can be learnt using SimVenture Validate

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SimVenture Validate Learning & Sustainable Development Goals

SimVenture Validate helps people to ideate, map, and test their entrepreneurial ideas using an interactive and engaging platform based on Alexander Osterwalder’s  Business Model Canvas.

Building on the original nine blocks of the business model canvas, you will discover we have added a tenth block that allows users to consider the environmental and social sustainability of their project or business.

SimVenture Validate Learning

Workplace

Wherever you work, use Validate to evaluate and analyse how your ideas could impact the marketplace. All these organisations benefit from the platform.

  • The self-employed & sole traders.
  • Small businesses.
  • The private sector – businesses driven by profit.
  • Public sector organisations who provide goods and services for the benefit of the community.
  • Third sector organisations owned and run voluntarily by trustees.
  • Social Enterprise.
  • Creative Industries.
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Education

Wherever you teach, use Validate to help students develop, analyse and evaluate their own ideas. Students benefit by developing a range of important skills that will help to further their education and develop key employability skills.

  • Idea Generation.
  • Communication.
  • Teamwork.
  • Problem solving.
  • Research and investigation.
  • Analysis and reporting.
  • Presenting.

Once users have generated an idea, they can learn how to use the ten blocks of the Canvas to test assumptions and validate thinking.

Think of the canvas as a preliminary planning document that describes what you plan to do and how you plan to do it – it covers the who, what, why and how of the project or business.

SimVenture Validate learning opportunities abound.

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Business Model Canvas

The SimVenture Validate Canvas aligns the key business activities and customer relationships to the value proposition.

  • How the business creates value for customers (the value proposition)
  • The various customer segments and the customer relationships that the business intends to build with these segments
  • The key activities that need to be undertaken to start up, operate and grow the business
  • The network of key partnerships required to reduce risk and acquire the right resources for the business
  • The financial and physical resources required
  • The distribution channels that will be used to deliver the products/services to customers
  • The ways in which the business intends to generate revenue – income from the sales of its products/services
  • The total costs to be incurred through the creating and operating of the business model (cost structure)
  • How the business addresses environmental and social sustainability.

SimVenture Validate learning builds workplace Skills

During the process of exploring and defining ideas and using the canvas, users also have opportunity to develop essential workplace skills including:

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  • Problem solving – thinking through how all the key business activities fit together.
  • Financial awareness including how to generate revenue and cost structures of the business.
  • Social & environmental awareness
  • Setting goals and priorities for the canvas
  • Communication with key partners and potential customers both verbal and written.
  • Research skills through testing assumptions across the whole canvas.
  • Analysis of ideas and data collected to make informed decisions.
  • Decision making – which ideas will be progressed, and which will not.
  • Creativity and innovation by thinking through potential new ideas which could be brought to market.
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The Validate platform is remarkably easy to use and serves as an excellent teaching tool for students new to the business model canvas.

​Rob Wilson, Open University