Lean startup Methodology

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Lean startup Methodology

  1. 1. The Lean Startup Methodology
  2. 2. “Startup Success can be engineered by following the process, which means it can be learned, which means it can be taught” - Eric Ries
  3. 3. “The Lean Startup method teaches you how to drive a startup-how to steer, when to turn, and when to persevere-and grow a business with maximum acceleration.”
  4. 4. Eliminate Uncertainty • “Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.” • Lean isn't simply about spending less money. Lean isn't just about failing fast, failing cheap. It is about putting a process, a methodology around the development of a product.
  5. 5. Work Harder Not Smarter The Lean Startup methodology has as a premise that every startup is a grand experiment that attempts to answer a question. The question is not "Can this product be built?" Instead, the questions are "Should this product be built?" and "Can we build a sustainable business around this set of products and services?
  6. 6. Develop an MVP A core component of Lean Startup methodology is the build-measure-learn feedback loop. The first step is figuring out the problem that needs to be solved and then developing a minimum viable product (MVP) to begin the process of learning as quickly as possible. Once the MVP is established, a startup can work on tuning the engine.
  7. 7. Principles 1. ENTREPRENEURS ARE EVERYWHERE 2. ENTREPRENEURSHIP IS MANAGEMENT 3. VALIDATED LEARNING 4. INNOVATION ACCOUNTING 5. BUILD-MEASURE-LEARN

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