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Conducting market research
Analyzing data to make informed decisions
Developing a product roadmap
Line Summary
The lean startup offers both entrepreneurs and wantreprenuere a semi scientific, real-world approach to building a business by using validation, finding a profitable business model and creating a growth engine.
13
172 reads
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~ summary
Startups operate in an environment of extreme uncertainty, and this must be taken into account when launching it. At the initial stage of development, a startup needs to remain flexible to learn from mistakes and test the founders' hypotheses as quickly as possible, which means that it is necessa...
15
59 reads
As you consider building your own minimum viable product, let this simple rule suffice: remove any feature, process, or effort that does not contribute directly to the learning you seek.
ERIC RIES
19
77 reads
Key highlights
• Find a business model that works through validation.
• Use split testing to tell value from waste.
• Never ever indulge in vanity metrics.
14
96 reads
Summary
Despite serious business plans, well thought-out business models, detailed go-to-market strategies, and large investments, most startups fail.
why is this so? Eric Ries, the author of the Lean Startup Methodology, is sure that the traditional approach to business development does not apply ...
14
69 reads
CURATED FROM
CURATED BY
19 | Generalist, Content Creator, Student at Christ University. Stashing about entrepreneurship, self-help, spirituality and the most interesting stuff I read.
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Five Principles of the Lean Startup:
- Entrepreneurs are everywhere.
- Irrespective of the size of the venture if you guys are working on a product that solves a problem in a new and better way then you are entrepreneurs
- Entrepreneurship is management. Startups ne...
Measure #step-2
- "Measure" means determining whether the efforts to create a product are producing the desired results.
- And this is the key difference between Lean Startup valuation and standard methods, where deadlines and budget utilization are assessed,
- but it may not be considered that ...
Understanding Business Models
- The primary component of the business model is the value proposition. A value proposition is a description of the goods or services a company offers and why they are desirable to customers or clients.
- A new enterprise's business model also covers p...
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