This presentation is a quick tutorial on the basic principles of the Lean Startup Method, a faster, better, cheaper way of developing new lines of business that originated in the Silicon Valley startup scene and is rapidly becoming a mainstream management technique.
You will also learn about Customer Problem Interviews, a technique for testing the most important assumption of your business model to quickly and inexpensively determine whether or not your business idea is addressing a problem people will spend money on to solve.
Thousands of business ideas are pitched each day. Some are enthusiastically embraced and supported; others are shrugged aside. Why is that? What makes a “good idea” good? More importantly, what will your organization regard as a business idea worthy of investment? In this presentation, you will learn the answers to these questions by exploring the decision making process and the specific criteria that investors and savvy senior executives use when evaluating business ideas.
Converting an idea or a lab prototype into a real, customer-ready product is no simple task. Learn how to differentiate between the steps of product development, including research, design, implementation, testing, verification, validation, operations and maintenance.
Thousands of business ideas are pitched each day. Some are enthusiastically embraced and supported; others are shrugged aside. Why is that? What makes a “good idea” good? More importantly, what will your organization regard as a business idea worthy of investment? In this presentation, you will learn the answers to these questions by exploring the decision making process and the specific criteria that investors and savvy senior executives use when evaluating business ideas.
Converting an idea or a lab prototype into a real, customer-ready product is no simple task. Learn how to differentiate between the steps of product development, including research, design, implementation, testing, verification, validation, operations and maintenance.
By Gil Dibner (twitter.com/gdibner), General Partner & Founder at Angular Ventures (www.angularventures.com)
Gil has backed several enterprise-oriented companies, including Front and Vault. Tips to understand how to absolutely nail Enterprise Sales.
Slash | 500Startups mentoring - product expansion and localization in Southea...Slash
How to expand and customize your product across Southeast Asia (SEA)?
This 2h workshop was delivered for a founder audience of global pre-Series A and Series-A startups (invested by 500 Startups, the VC), expanding into SEA.
The frameworks, mental models, tools and techniques described can be used to generally refresh your value proposition and product for your core markets.
Delivered 12 Feb 2020 in Singapore by Andries De Vos, CEO of Slash.
Five Questions Every Entrepreneur Must Be Able To Answer sohailgondal
A presentation given for Startup Istanbul on the key questions founders should be able to answer, from an early stage investor and entrepreneurs perspective
We’re excited to share a data-driven look at what makes successful founders. We’ve surveyed VCs and distilled characteristics that differentiate successful founders from not so successful ones. What’s your founder superpower? #BasisForSuccess
Lean Startup Roadmap workshop I conduct in Russian. Combines the methodology from Steve Blank, Eric Ries, Ash Maurya, and others. The intention is to provide practical steps individuals new to business and entrepreneurship can take in order to increase the likelihood of success in their new venture.
The full workshop usually takes 6-8 hours.
"Driving Adoption for your Startup" by Emil Martinsek, VP of Product & GrowthTheFamily
Launching a product with market-fit is just one piece of putting together a successful startup. Driving adoption is often the real test!
The secret? A strong focus on viable growth channels and a culture that embraces impact today rather than in the future. A key success to growth at GetYourGuide and other startups has been exploiting inefficiencies of channels and competitors. This session covers a basic framework for finding inefficiencies, positioning the product, and exploiting both to create a scaling and viable startup.
Emil Martinsek is the VP of Product & Growth at GetYourGuide where his team is working to disrupt the tours and activities industry and help customers turn their trips into amazing experiences. His previous work includes over six years at Expedia launching products to U.S. and European travellers and three years at the forward-thinking Accenture Technology Labs.
Part of the MaRS Entrepreneurship 101 series
http://www.marsdd.com/ent101
This presentation is also available as an audio presentation here: http://blog.marsdd.com/2007/02/14/entrepreneurship-101-wikis-and-their-role-in-communicating-your-business-idea/
There are four essential written documents that a high tech start-up needs to have as communication tools:
* the pitch deck
* the executive summary
* the business plan
* the technical white paper
This lecture will discuss what goes into each of these documents and how each should be structured.
This deck draws from a lecture I give on the art of pitch decks -- the who, what, how, and why of crafting your messaging and assembling your deck.
Many thanks to Dave McClure (500 Startups), Ryan Spoon (Polaris Ventures), and the trial and error of the Tigerlabs portfolio for assisting me in assembling this deck.
Questions? Complaints? Bones to pick? Shoot me an e-mail at james@tigerlabs.co
Game Changing Business Models - Case - Dries Drupal, Open Source, Co-CreationMichael Skok
This is a case to exemplify how disruptive open source and co-creation can be as part of your business model. Presented by Dries Buytaert, founder of Drupal, the largest open source project on the planet.
This is part of the workshop on Game Changing Business Models - itself part of the series on Startup Secrets, by Michael J Skok on how to get competitive advantage as a startup.
Michael's slides are the framework for the workshop, and are NOT self contained. For fuller coverage of the slides, visit Michael's website http://mjskok.com/
By Gil Dibner (twitter.com/gdibner), General Partner & Founder at Angular Ventures (www.angularventures.com)
Gil has backed several enterprise-oriented companies, including Front and Vault. Tips to understand how to absolutely nail Enterprise Sales.
Slash | 500Startups mentoring - product expansion and localization in Southea...Slash
How to expand and customize your product across Southeast Asia (SEA)?
This 2h workshop was delivered for a founder audience of global pre-Series A and Series-A startups (invested by 500 Startups, the VC), expanding into SEA.
The frameworks, mental models, tools and techniques described can be used to generally refresh your value proposition and product for your core markets.
Delivered 12 Feb 2020 in Singapore by Andries De Vos, CEO of Slash.
Five Questions Every Entrepreneur Must Be Able To Answer sohailgondal
A presentation given for Startup Istanbul on the key questions founders should be able to answer, from an early stage investor and entrepreneurs perspective
We’re excited to share a data-driven look at what makes successful founders. We’ve surveyed VCs and distilled characteristics that differentiate successful founders from not so successful ones. What’s your founder superpower? #BasisForSuccess
Lean Startup Roadmap workshop I conduct in Russian. Combines the methodology from Steve Blank, Eric Ries, Ash Maurya, and others. The intention is to provide practical steps individuals new to business and entrepreneurship can take in order to increase the likelihood of success in their new venture.
The full workshop usually takes 6-8 hours.
"Driving Adoption for your Startup" by Emil Martinsek, VP of Product & GrowthTheFamily
Launching a product with market-fit is just one piece of putting together a successful startup. Driving adoption is often the real test!
The secret? A strong focus on viable growth channels and a culture that embraces impact today rather than in the future. A key success to growth at GetYourGuide and other startups has been exploiting inefficiencies of channels and competitors. This session covers a basic framework for finding inefficiencies, positioning the product, and exploiting both to create a scaling and viable startup.
Emil Martinsek is the VP of Product & Growth at GetYourGuide where his team is working to disrupt the tours and activities industry and help customers turn their trips into amazing experiences. His previous work includes over six years at Expedia launching products to U.S. and European travellers and three years at the forward-thinking Accenture Technology Labs.
Part of the MaRS Entrepreneurship 101 series
http://www.marsdd.com/ent101
This presentation is also available as an audio presentation here: http://blog.marsdd.com/2007/02/14/entrepreneurship-101-wikis-and-their-role-in-communicating-your-business-idea/
There are four essential written documents that a high tech start-up needs to have as communication tools:
* the pitch deck
* the executive summary
* the business plan
* the technical white paper
This lecture will discuss what goes into each of these documents and how each should be structured.
This deck draws from a lecture I give on the art of pitch decks -- the who, what, how, and why of crafting your messaging and assembling your deck.
Many thanks to Dave McClure (500 Startups), Ryan Spoon (Polaris Ventures), and the trial and error of the Tigerlabs portfolio for assisting me in assembling this deck.
Questions? Complaints? Bones to pick? Shoot me an e-mail at james@tigerlabs.co
Game Changing Business Models - Case - Dries Drupal, Open Source, Co-CreationMichael Skok
This is a case to exemplify how disruptive open source and co-creation can be as part of your business model. Presented by Dries Buytaert, founder of Drupal, the largest open source project on the planet.
This is part of the workshop on Game Changing Business Models - itself part of the series on Startup Secrets, by Michael J Skok on how to get competitive advantage as a startup.
Michael's slides are the framework for the workshop, and are NOT self contained. For fuller coverage of the slides, visit Michael's website http://mjskok.com/
• Conduct usability testing to optimize customer activation
• Match metrics to business types
• Create a customer oriented culture and build a vibrant community
• Increase referrals among current customers and use social media graphs to increase virality
Startup Secrets - Game Changing Business ModelsMichael Skok
In our industry, it’s not uncommon for entrepreneurs to become so mono-focused on the novelty of their product that they forget to innovate sufficiently around their business model. A disruptive business model can be at least as important as a discontinuous innovation.
Startup Secrets - Getting Behind the Perfect Investor PitchMichael Skok
These days the pitch to a VC displaces the old business plan because most investors simply don’t have time to read a full business plan, and most entrepreneurs don’t have time to write one. That said, the business strategy still serves as the foundation for any presentation you create.
Driving to Market - V2! - How to "Drive" Competitive Advantage in your Go To ...Michael Skok
New version 2 - including case examples from Spotfire, Demandware, Hubspot and David Skok.
Developed for the Harvard Innovation Lab workshop series on Startup Secrets.
This is part 4 of the 5 part series by Michael J Skok on how to get competitive advantage as a startup.
Michael's slides are the agenda for the workshop, and are NOT self contained. For fuller coverage of the slides, visit Michael's website http://mjskok.com/
Structured Ideation and Design Thinkinggaylecurtis
At the heart of a design thinking process is ideation, the capability for generating and relating ideas.
Brainstorming is a frequently practiced form of ideation, and this presentation describes the four rules of classic brainstorming. It also gives guidance for how to structure brainstorm sessions to drive direct and indirect benefits.
Womenomic Luxury, Cognitive Technology, New Wave Boomer Beauty—just a few items from our Future 100 list of what’s next in the year ahead.
It’s a wide-ranging compilation that reflects developments surfacing across sectors including technology, retail, food and beverage, travel, sustainability and luxury. The list also includes new types of goods or businesses, new behaviors and ideas with the potential to ladder up to bigger trends.
A full course I developed based on about ten years of experience in project management in IT projects in the Netherlands and non-profit media projects in Kenya.
Lean Startup & Corporate Innovation Strategies - April 2015Kevin Shutta
Intro to Lean Startup and insight into the barriers and strategies for corporate innovation. Corporate Innovation inspired by Trevor Owens, CEO of Lean Startup Machine.
In the first of three presentations, Ali talks about leveraging existing sales and marketing resources and amassing them into a viable Web2Print selling machine. He covers the operational changes necessary to facilitate this pivot and talks about how to manage objections all the way up the hierarchy.
Also included are some top tips on identifying and converting Web2Print sales enquiries and how to address customer objections (because they are always valid!). Lastly, Ali talks about why some Web2Print strategies fail, despite good preparation efforts.
Motarme Customer Development workshop provided to participants of Trinity Launchbox, July 2015. Includes a definition of Customer Development, some techniques for testing and validating a new product, leading into a process for Customer Acquisition. Also quick review of Agile principles. Includes list of recommended links / books.
The Lean Startup Method: Its Value for TestersTechWell
A startup is an organization created to deliver a new product or service under conditions of extreme uncertainty. Approximately 40 percent of all startups will cease operation with investors losing everything; 95 percent will fall short of their financial projections. And the number one cause of startup failure? No one wants to buy their product. Eric Ries, author of The Lean Startup, learned that under conditions of extreme uncertainty, classical management methods do not bring success. Based on his and others’ experiences, he formulated the Lean Startup methodology consisting of five important principles: (1) Build-Measure-Learn (BML) loop, (2) Minimum Viable Product (MVP), (3) Validated Learning, (4) Customer Development, and (5) One Metric That Matters. Lee Copeland believes these same Lean Startup ideas have great value for testers. Come and discover how the BML loop is similar to exploratory testing, how the MVP idea suggests a Minimum Viable Set of Tests, how Customer Development suggests developing clients for your testing services, and more. Learn how to apply Lean Startup ideas in your testing organization.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
2. Innovation made easy.2 of 25
Objectives
By the end of this presentation, you will understand:
• The basic principles of the Lean Startup method,
• How to apply it to your business development project,
and
• Why it’s important to the success of your business
innovation.
You will also learn a technique for quickly and
inexpensively testing the most important assumption
of your business model: whether or not your business
idea is addressing a problem people are willing to
spend money on to solve.
5. Innovation made easy.5 of 25
“Our research is
unequivocal:
persistently high
innovation failure
rates are not an
immutable law of
nature.”
6. Innovation made easy.6 of 25
e
A systematic process for reducing
the risk that a new business
development initiative will fail.
len start p
Lean Startup
12. Innovation made easy.12 of 25
Going after the wrong customer Solving the wrong problem
Building the wrong
product or more
features than
necessary
Charging the wrong
person & monetizing
the wrong thing
Using the wrong
marketing channels &
tactics
Hiring the wrong
people
Investing in the wrong
resources /
partnerships
Using the wrong
governance model or
organization
Where’s the waste?
13. Innovation made easy.13 of 25
Core Tenets of Lean Startup
1. Acknowledge the uncertainty
2. Articulate your hypotheses
3. Identify & prioritize the risks that are
embedded in these hypotheses
4. Design & execute experiments to
validate or invalidate the hypotheses at
the lowest possible cost
5. Iterate
17. Innovation made easy.17 of 25
Key Stages of Lean Startup
STAGE 1
You have
identified an
important
problem
STAGE 2
You have
designed a
solution that
customers
like
STAGE 3
You have
delivered a
solution that
satisfies
customers &
investors
STAGE 4
You have built
the systems &
infrastructure
necessary to
scale
Ideas Biz Concept Product
Offering
Technical
product design
Distribution
partnerships,
staffing plans,
etc.
Product Pitch Deck “Coming Soon”
landing page
Minimum
Viable Product
Partnerships,
etc.
Data Results of ~ 20
“Problem
Interviews” w/
target
customers
Landing page
conversion
metrics
End-to-end
customer
conversion &
retention
metrics
Operational
metrics
18. Innovation made easy.18 of 25
Customer Problem Interviews
The quickest & cheapest way to validate (or
invalidate) the riskiest assumption of your
business concept
19. Innovation made easy.19 of 25
Background
• For most businesses, the #1 problem is not
building the product, but finding a customer
who is willing to pay for the product.
• Customer Problem Interviews are a specific
technique used by early stage entrepreneurs
to quickly and cheaply validate (or
invalidate) key hypotheses regarding:
– Who is the customer, and
– What is the nature and urgency of the
customer’s problem?
20. Innovation made easy.20 of 25
Process Summary
1. Formulate testable hypotheses
2. Script the interview
3. Schedule interviews
4. Conduct interviews
5. Review results & decide what’s next
21. Innovation made easy.21 of 25
Formulate Testable Hypotheses
• Who is the customer
– Hypothesis 1: The customer will be businesses with at
least 1 – 10 employees
– Hypothesis 2: The customer will be in the retail industry
sector
– Hypothesis 3: The customer will have been in business
for 5+ years
• What is the nature and urgency of the customer’s
problem
– #1 Problem – Don’t have a plan for growing their
business. Urgency = High
– #2 Problem – Don’t have reliable access to quality
business coaching. Urgency = Medium
– #3 Problem – Lack a network of “peer mentors.” Urgency
= Medium
23. Innovation made easy.23 of 25
Schedule Interviews
Hi –
This is [your name]. I am one of the leaders of a new startup company that
hopes to [your mission].
We are in the very early stages of our project and have not yet even
developed our product. But before we get too far ahead of ourselves, we
wanted to sit down with the type of people/organizations we envision as
our future customers and make sure we have really understood their
needs.
Would you be willing to sit down with me for a 30-minute conversation to
help me understand your current [workflow, etc.]. I’m not selling anything,
just looking for advice.
24. Innovation made easy.24 of 25
Conduct Interviews
1. Check your biases at the door
2. Stick to your script
3. Have a team member present
4. Avoid recording the interview
5. Document the results immediately after
25. Innovation made easy.25 of 25
Review & Decide
• Exit criteria for the Problem Interview
Process
– At least 10 completed interviews
– You see a clear pattern of regarding the
customer segment & problem
• Review all your notes
• Update your business concept with your
validated learnings
• Ideate revisions to your business concept as
necessary
• Decide what to do next