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

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