The Lean Startup

How constant innovation creates radically successful business.

Entrepreneurship is a kind of management.?No you didn’t read that wrong. We have widely divergent associations with these two words, entrepreneurship and management.

The #lean Startup method:

The five principle of the lean startup

1.??????Entrepreneurs are everywhere

2.??????Entrepreneurship is management

3.??????Validated learning

4.??????Build measure learn

5.??????Innovation accounting

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Why Startup fails?

1. The first problem is the allure of a good plan. The old management methods are not up to the mark.
2. Some Entrepreneurs and investors have shown up their hands and adopted “Just Do It”.

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Divide problems into three parts: Vision, Steer and Accelerate.

Vision: It makes the case for a new discipline of entrepreneurial management. Identify who is an Entrepreneurs, define a startup and articulate a new way to gauge if they are making progress.?

Steer: Steer dive into the lean startup method in detail, beginning with leap of faith assumptions that cry out for rigorous testing, this evaluating whether you are making progress and method for deciding whether to pivot.

Accelerate: We will explore techniques that enables lean startup to speed through the Build Measure Learn feedback loop as quickly as possible, even as they scale. We will explore lean manufacturing concepts that are applicable to startups, too, such as the power of small business.

#startup #learning #steering #accelerate #measure #entrepreneur #entrepreneurship