Manage episode 264452589 series 2709182
The Lean Startup - by Eric Ries
'How constant innovation creates radically successful businesses'
If you've ever created your own business, or tried to, you will probably see in hindsight that you wasted a lot of resources, be that time, money, or energy and effort. 'The Lean Startup' is a different approach to building a business. In every idea, you have 'leap of faith' assumptions. Rather than assuming you're right, you should build a 'minimum viable product'. This MVP is the smallest and simplest thing you can make that replicates the features of your desired end product that will allow you to TEST your assumptions before committing to the project. If you're right, you 'persevere' and continue to build out your offering ad test the next phase. If you're wrong, you can 'pivot' and make changes before it's too late.
Grab our Top 50 Best Books of All Time for FREE: https://www.whatyouwilllearn.com/top50/
See acast.com/privacy for privacy and opt-out information.