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Session 1 —
Entrepreneurial Thinking

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1
Session 01 · Pre-Session Brief
Entrepreneurial Thinking & Business Model Design
Before We Begin

Your prep brief

This brief was sent 24 hours before your session. Read it once and sit with the three questions below — you do not need to write anything. Thinking in advance makes the first 90 minutes significantly more productive.

90 min Deep Work Block 1 Concept + Application
75 min Deep Work Block 2 Guided Build + Iteration
45 min Synthesis + Output Deliverable + Test
Three Questions to Sit With

Do not write answers. Just think. Let these questions work on you before you arrive.

Prep Question 01
What is your venture actually doing — not what it is, but what it does for someone?
Think about the action your venture enables in someone's life. Not the category. Not the product. The specific thing a person can do or feel differently because of it.
Prep Question 02
Who specifically is the first person who would pay for this — and why would they pay for it today, not in six months?
Not a demographic. A person. Someone you could actually call or email. And the urgency matters — what is happening in their life right now that makes this timely?
Prep Question 03
What is the single biggest assumption your venture is built on — and how do you know it is true?
Every business model has one load-bearing assumption. If it is wrong, the rest collapses. What is yours? And what evidence do you actually have for it?
What We Will Build Today
01 Your entrepreneurial thinking profile — understanding how you naturally think, decide, and create as a founder, and what that means for how you build.
02 PSE Business Model Canvas v1 — a complete one-page architecture of your venture across nine dimensions, built and stress-tested in the session.
03 Advantage Stack Map — your three-layer competitive edge mapped across skill, network, and market position.
Model Clarity · Thinking Check 1 of 3
Block 1 Complete

Model Clarity Check

Three questions to confirm the Block 1 concepts have landed and how you are applying them to your specific venture. Answer honestly — these are diagnostics, not tests.

Check 1 · Question 01
Entrepreneurial thinking is primarily about…
Having a great idea before anyone else does
Creating and capturing value in a way that is systematic, not accidental
Core definition
Working harder than everyone else in the market
Taking calculated risks with other people's capital
Check 1 · Question 02
In your venture, value creation is best described as…
Apply the concept to your specific situation — not the general definition.
The revenue my venture generates from customers
The problem I solve and the genuine difference it makes in someone's situation
Correct distinction
The market size my venture is targeting
The investment I have attracted from backers
Check 1 · Question 03
Describe in one or two sentences what your venture creates value for someone and how it captures some of that value as revenue.
This is the most important thing you need to be able to say clearly. If it is not clear yet, write what you have — that is the most useful answer.
0 / 400
Block 1 · Thinking Check Score
Deliverable 1A · PSE Business Model Canvas
Block 2

Your Business Model

Click each block to fill it in. Use the guided prompts — they are designed to help you write something specific and honest rather than something aspirational and vague. A completed canvas is the foundation of everything that follows.

Canvas completion
0 / 9
Key Partners
Key Partners
Click to fill in
Key Activities
Click to fill in
Value Proposition
Click to fill in
Customer Relationships
Click to fill in
Customer Segments
Click to fill in
Key Resources
Click to fill in
Channels
Click to fill in
Cost Structure
Click to fill in
Revenue Streams
Click to fill in
Canvas Application · Thinking Check 2 of 3
Block 2 Complete

Canvas Thinking Check

Four questions applying the Business Model Canvas to your specific venture. The goal is to surface the assumptions that most need testing before Session 2.

Check 2 · Question 01
Which block of your Business Model Canvas is currently built on the thinnest evidence?
Customer Segments — I am not yet certain who this is really for
Value Proposition — I believe in it but have not confirmed others feel the same urgency
Revenue Streams — I am not yet confident in what to charge or how
Key Partners — I am assuming relationships that I have not yet secured
Check 2 · Question 02
If your Value Proposition turned out to be wrong — if customers do not actually feel the urgency you expect — what would be the first signal you would see?
Be specific. Vague answers here are a warning sign worth discussing in the session.
0 / 400
Check 2 · Question 03
Your business model is primarily…
Product-led — value is delivered through something I build and sell
Service-led — value is delivered through my time, expertise, or relationships
Platform-led — value is created through connecting two or more groups
Hybrid — my model combines two or more of the above
Check 2 · Question 04
What is the one change to your Business Model Canvas that would have the biggest positive impact on the venture's viability — and why?
This is the question your coach will want to explore with you in the next block.
0 / 500
Block 2 · Thinking Check Score
Deliverable 1B · Advantage Stack Map
Block 3 — Synthesis

Your Advantage Stack

Your Advantage Stack maps the three layers of competitive edge that protect your venture from being replicated. Fill in each layer honestly — this is not about what you wish were true, but what is genuinely true today.

1
Layer 1 — Hardest to replicate
Skill & Knowledge Edge
What you know or can do that took years to develop and cannot be quickly copied
What expertise, craft, or capability have you developed that most people in your space do not have?
How long did it take you to develop this — and could someone replicate it in under 2 years?
Where does your knowledge give you a faster, better, or cheaper path than a well-funded competitor starting today?
0 / 500
2
Layer 2 — Relationship capital
Network & Access Edge
Who you know, who knows you, and what doors open for you that do not open for others
Who are the 3–5 people in your network who would make an immediate, material difference to this venture if you called them today?
What communities, institutions, or industries do you have credibility and access within that a newcomer would not?
Where does your network give you a speed or trust advantage over a better-funded competitor?
0 / 500
3
Layer 3 — Market position
Position & Timing Edge
Why this market, why now, and why you are better positioned than anyone else to win it
What is changing in this market right now that creates a window of opportunity that did not exist 3 years ago?
Why does your combination of background, timing, and position make you the right person to build this now?
What would it cost a well-funded competitor to replicate your current position — and how long would it take?
0 / 500
Business Model Synthesis · End of Session
Session 1 Complete

Business Model Synthesis

Five questions that pull everything from today into a coherent statement. This is your end-of-session diagnostic — the most important thinking check of the day.

Synthesis · Question 01
In two sentences — no more — explain your business model clearly enough that someone who has never heard of it can immediately understand how it creates and captures value.
If it takes more than two sentences, the model is not yet clear enough. Use this moment to simplify.
0 / 400
Synthesis · Question 02
Which of your Advantage Stack layers is currently your strongest — and which is your most significant gap?
Strongest: Skill · Biggest gap: Network
Strongest: Skill · Biggest gap: Market Position
Strongest: Network · Biggest gap: Skill
Strongest: Network · Biggest gap: Market Position
Strongest: Market Position · Biggest gap: Skill
Strongest: Market Position · Biggest gap: Network
Synthesis · Question 03
What is the single most important assumption in your business model that you need to test before Session 2 — and how will you test it?
0 / 500
Synthesis · Question 04
Compared to where you were this morning, your understanding of your venture's business model is…
Significantly clearer — I have moved from intuition to structure
Somewhat clearer — I have made progress but there is still significant fog
About the same — I need to do more work between sessions
More uncertain than before — but the right kind of uncertain: I see what I do not yet know
Synthesis · Question 05
What is the one thing from today's session that you want to make sure you do not forget before Session 2?
0 / 400
Session 1 · Overall Synthesis Score
Post-Session

Session 1 Reading List

Four carefully chosen texts that deepen and extend what you built today. You do not need to read all four before Session 2 — but you should read at least one. The article takes 15 minutes and is the minimum.

01
Business Model Generation
Alexander Osterwalder & Yves Pigneur

Business Model Generation is the foundational text behind the Business Model Canvas — the most widely used strategic tool in entrepreneurship globally. Osterwalder and Pigneur spent years synthesising how successful businesses actually work into nine interconnected building blocks that map the complete logic of any venture. The book is as much a visual and collaborative tool as it is a reading experience — designed to be worked with, not just read.

For entrepreneurs, this book solves one of the most persistent and costly early-stage problems: the gap between a compelling idea and a coherent business. Most founders carry their business model in their head, where it feels clear but is never actually tested. Osterwalder gives you the architecture to externalise it — to put every assumption on one page where it can be seen, questioned, and redesigned rapidly.

This is the direct intellectual source of the PSE Canvas you built today. Reading the first three chapters now — after having built your own canvas — will show you the depth beneath the nine blocks and surface refinements you can make before Session 2. The most valuable chapter to read first is the one on Value Proposition: it will sharpen the block that most founders fill in too loosely on first attempt.

02
Zero to One
Peter Thiel

Zero to One is Peter Thiel's compressed and deliberately provocative argument about what genuine value creation actually means. His central thesis is that real entrepreneurial value comes from going from zero to one — creating something genuinely new — rather than from one to n, which is copying and scaling what already exists. The book covers his framework for identifying monopoly-creating opportunities and his thinking on the durable competitive advantages that protect a business over time.

For entrepreneurs, this book solves the problem of strategic differentiation at the most fundamental level — not "how do I beat my competitors" but "why does this business deserve to exist at all, and what makes it difficult to replicate?" Thiel's framework for thinking about unfair advantages gives founders a vocabulary for identifying what is genuinely defensible about their venture versus what is simply distinctive today but easily copied tomorrow.

Thiel's thinking is the intellectual backbone of the Advantage Stack you built in Block 3. His three-layer framework of proprietary technology, network effects, and brand maps closely onto the skill, network, and position layers in your stack. Read chapters 3 and 5 after completing your stack today — they will tell you whether your advantages are genuinely durable or whether they need to be strengthened before they can be called a real edge.

03
The Lean Startup
Eric Ries

The Lean Startup codified what many of the most successful startups were already doing intuitively: treating a new venture not as a plan to be executed but as a hypothesis to be tested through rapid, disciplined experimentation. The Build–Measure–Learn loop at the heart of the book is the most practical framework available for closing the gap between what founders believe about their customers and what those customers actually want, feel, and will pay for.

For entrepreneurs, this book solves the problem of premature scaling — the tendency to invest heavily in execution before validating the underlying assumptions. The validated learning framework Ries introduces gives founders a disciplined method for moving fast without moving blindly, and his concept of the pivot reframes failure as a navigational tool rather than an endpoint. For early-stage founders especially, this book is the difference between building a business and building a very expensive experiment.

The Lean Startup sits in deliberate tension with Business Model Generation. Osterwalder gives you the architecture for your model; Ries gives you the discipline to question it. After building your PSE Canvas today, the instinct this book trains is to immediately ask: which of these nine blocks is an assumption, and how could I test it this week? Your Synthesis Question 03 — identifying the one assumption to test before Session 2 — is a direct application of Ries's validated learning methodology.

04
"What Makes an Entrepreneur?"
Harvard Business Review · Article · 15 min read

This HBR piece synthesises the research on what actually distinguishes entrepreneurial thinkers from other high performers — separating the mythology of entrepreneurship from what the evidence shows about how successful founders think, process risk, and make decisions under uncertainty. It challenges several of the most persistent and damaging assumptions: that entrepreneurs are primarily risk-seekers, that great ideas come first, and that passion alone is a reliable predictor of success.

For entrepreneurs, this article solves the problem of self-misdiagnosis — the tendency to either over-identify with the mythology of the heroic founder or to disqualify yourself because you do not match that mythology. Understanding what entrepreneurial thinking actually is, rather than what it is popularly assumed to be, allows you to assess your own starting point honestly and to identify which habits you need to deliberately build.

Read this tonight. It is 15 minutes and will change how you interpret what happened in Block 1 of today's session. The distinction between entrepreneurial thinking and employee thinking — the core of the first block — is given a research-backed foundation here that the session itself only touched. Coming into Session 2 having read this will make the customer discovery work significantly sharper, because you will understand the cognitive shift that separates a founder's relationship to uncertainty from everyone else's.

Session 1 Complete

Your work from today has been saved to your programme record. Below is a summary of what you have built and what comes next before Session 2.

PSE Business Model Canvas v1
Your complete nine-block venture architecture — built, reviewed, and saved.
Advantage Stack Map
Your three-layer competitive edge — skill, network, and market position.
3 Thinking Checks Completed
Model Clarity, Canvas Application, and Business Model Synthesis — all saved to your programme record.
Before Session 2
Your pre-work for the next session. These are not optional — Session 2 is built directly on what you bring back.
Have 3 real customer conversations. Not surveys. Not friends. Real potential customers. Use the assumption you identified in Synthesis Question 03 as your guiding thread. Ask about their experience, not your idea.
Refine your Value Proposition block. Take what you wrote today and make it one sentence sharper. Show it to one person you trust and ask: does this make you want to know more?
Read at least one book from the Session 1 reading list. The HBR article is the minimum — it takes 15 minutes and will change how you think about the customer conversations.
Bring your numbers to Session 3. Start gathering your cost assumptions — what it costs you to deliver your offer once. You will need this for the financial model in Session 3.