If you're an entrepreneur, then you need to know about the lean startup. These five principles will help your business succeed.

1. A startup's goal is to learn how to
build a sustainable business.
Learning can be scientifically
validated by running experiments
to test each element.
ENTREPRENEURS ARE EVERYWHERE
the 5 LEAN STARTUP
the 5 LEAN STARTUP
PRINCIPLES
ENTREPRENEURSHIP IS MANAAGEMENT
INNOVATION ACCOUNTING
BUILD, MEASURE, LEARN
To improve entrepreneurial outcomes,
startups must measure progress, set
milestones & prioritize work. This
requires a new, specific kind of
accounting.
A startup is not just a product, it
is an institution. It requires
management, a new kind of
management specifically geared
to its context.
VALIDATED LEARNING
You don't have to work in a
garage to be in a startup.
discover insights at BIZALCHEMY.CO
Startups must build an MVP,
measure customers' responses &
learn to pivot or persevere in a
continual feedback loop.
By Eric Reis