#5: Lean is only for consumer startups Lean Startup has gained most of its adoption amongst consumer startups, but it applies across the board.
#6: Lean means easy Startups are hard. Lean simply helps mitigate risk and clear the path a bit more, but it’s not easy. h3p://www.ﬂickr.com/photos/sabaNzer/6360925767/sizes/l/
h3p://www.ﬂickr.com/photos/laNtudes/66424863/sizes/l/ #7: Lean means instant successYou can’t walk through the process and expect to win. It takes guts, luck, brains and much, more more.
The Seven Myths ofLean Startups#1: Lean doesn’t mean cheap#2: Lean doesn’t mean small#3: Lean doesn’t mean crappy#4: Don’t be afraid to pivot#5: Lean isn’t only for consumer startups#6: Lean doesn’t mean easy#7: Lean doesn’t mean instant success
Lean does mean makinginformed decisions.
For most startups, leanmeans measuring:1. Acquisition2. Activation3. Retention4. Referral5. Revenue
Not listening to what the metrics are telling you can spell disaster.
Know When to PivotLack Revenue| High Churn| Poor Conversions
Know When to ScaleAdoption | Conversions| Market Share h3p://www.ﬂickr.com/photos/lanier67/4047779644/sizes/l/in/photostream/
Lean means stop guessingFinding that one metric that tracks your progress towards a goal.
Balancing ActMost successful entrepreneurs have a good balance of execution intuition and luck. h3p://www.ﬂickr.com/photos/classblog/5136926303/sizes/l/in/photostream/
Most startups fail because the founders give up h3p://www.ﬂickr.com/photos/kcnickerson/1008563510/
Contact Me: E-Mail: firstname.lastname@example.org Twitter: @thomjeff Some of the photographs in this presentaNon were retrieved from Flickr and made available under a CreaNve Commons license. Please refer to each photograph for a link to the image source.