![]() The streamlined process of creating cars that was developed in Japan after World War II.Two failed businesses in Ries’ own portfolio and,. ![]() That’s why Eric Ries wrote The Lean Startup - to help companies navigate and minimize these risks through minimum viable products (MVP’s), rigorous experimentation, and a commitment to learning.Īt its core, adhering to the lean startup methodology is all about creating a sustainable business with minimal waste of both time and money. It’s terrifying, and if you’re reading this blog post, you know how terrifying this experience is - because you’ve probably done it. Imagine the experience of quitting a stable, secure job to venture into the unknown. Risk is the characteristic that distinguishes a startup from any other type of business. Seriously - it will change your approach to business.īut for a quick overview - maybe just to pique your interest and see if this is a model you’re interested in - keep reading. All of his advice is extremely valuable, and helpful in order to avoid common founder mistakes.”įor the entire lean startup methodology and philosophy, you should definitely go read that book. ![]() ![]() He discusses the importance of understanding your target audience, creating an MVP, focusing on actionable metrics, and knowing when to adapt and iterate without wasting too much time. He highlights his mistakes in an effort to help you avoid making the same mistakes. “The Lean Startup is an incredible book because it recounts the experience of Eric Ries. ![]()
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