Learn more about books with this collection
Conducting market research
Analyzing data to make informed decisions
Developing a product roadmap
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
MORE IDEAS ON THIS
~ 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
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
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
IDEAS 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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To create a great first impression:
- Run experiments on user onboarding.
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- Incorporate feedback loops.
Target better user...
Rules For Great Metrics
- Use retention as a way to assess your market-product fit, as it tells you how valuable the customers find your product after they stop using it.
- Understand the steps your customers have to take to get to your product, and if you can eliminate extra steps.
- Focus on key data...
Deliberate practice involves constant feedback and measurement
Practicing something without knowing if you are getting better is pointless.
- Identify the most important metrics related to performance. Keep a record of them each time you practice.
- Be careful of vanity metrics. For exampl...
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