#startup #Lean #Agile #Smallbusiness #Minimum Viable Product #Sprint
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Today, I will keep on stressing the importance of LEAN and AGILE.
Lean and Agile are a mindset and a method, and the more difficult part will be to adopt the mindset
The conventional way to start a business is the “Build and they will come” method
The Lean startup searches what is the right thing to build that customers wantand will pay foras quickly as possible.
This method is also called the ‘fail fast method’ because instead of finding that your assumptions were wrong after you built your product or service, you get rid of your wrong assumptions at the very beginning of your journey and build a startup based on proven assumptions.
To discover what business model will work for you, you need to create what LEAN and Agile call a “Minimum Viable Product” or MVP
1. Observe don’t ask!
2. Create a Minimum Viable Product (Concept/ Customer Panel/ Smoke and Mirrors)
We will steal one great concept from SCRUM, which is an Agile framework. This concept is the concept of SPRINT. A sprint is a time frame, for example, 2 weeks, during which you create your minimum viable product.
To think LEAN you have to change your mindset and your company culture and this is will be the most difficult part of the journey. For example, LEAN requires a culture where the team has the freedom to fail as long as they learn something from each failure that helps the team succeed faster the next time. This is a drastic shift from our culture that thinks that people who fail are ‘losers’ to a culture where people who fail are called experienced and have better chances to win the next time.
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