Lean Startup

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Pivot Build-measure-learn Innovation accounting Validated learning Minimum viable product

How do you build a minimum viable product? What is the lean startup methodology? Startup management is mostly deciding what not to build and saying so out loud Lean Startup experiments fail when the team measures clicks instead of repeat purchases A concierge version of the product teaches more in ten customers than a survey of a thousand The build measure learn loop breaks at measurement because nobody defined the metric first A minimum viable product that cannot be sold is a prototype with a business plan attached The pivot most lean startup teams need is a narrower customer rather than a new product Pivoting once is strategy and pivoting five times is a search for a model nobody has The first customer is usually someone the founder already knew and that is not a bad sign Building the first version of the product while incorporation is still pending is common and risky Startup management spends the first year reacting and calls it being agile Pre-orders and landing pages test demand without a line of product code Lean Startup discipline disappears the moment a large customer asks for a custom feature Startup demo days reward the pitch and skip the part where anyone checks retention

Leadership Business Venture Capital Small Business Startups Innovation E-Commerce Product development Risk management Market research