Lean Startup for better Startup for Entrepreneur

Here are many theories and concepts, defining the mantra of success for startups. Lean startup is one of the most feasible, reliable and affordable mechanism, enabling startups in scaling up. Let’s make efforts to comprehend what in fact that mechanism is which is taking everybody by a storm.                        

Experts have defined the new age phenomenon as a mechanism to develop business focusing on the principles of lean production. It’s a mechanism that highlights on the ability to adapt, change quickly.         

Lean startup is an approach to business development that is based on the principles of lean production, a manufacturing methodology that values a business' ability to change quickly. That’s what matters in business. If your startup is facing issues in introducing a customer grabbing product or service, it’s high time for you to redefine it, remodel it, and reintroduce it. That’s what the new age phenomenon talks about. Interesting thing about this phenomenon is it works on three core principles-Build, Measure, and Learn.      

Leverage the lean startup principles  

The lean startup movement has taken the startups by storm, enabling them is scaling up. That’s true!!! In fact, every startup, be it a manufacturing company or a service provider desires to swiftly move beyond the breakeven point. Unless you overpower breakeven point, you can’t visualize success. Nobody wants that to happen.

The lean startup principles 

The emergence of lean startup is a huge blessing in disguise for the startups, enabling them in accomplishing their entrepreneurial objectives. Is lean startup system really paying dividend or just a creation of a rumor mill???

Lean startup lays emphasis on couple of interesting things. Focus on this tiny but significant statement, capturing the essence of lean startup-“Be innovative. Don’t waste your and people’s time. Focus on results and be more successful”.       

Well one thing is for sure- lean startup methodology hasn’t emerged overnight-its elements, theories, process are a result of deep research and development. Subsequently that helped in the evolution of principles of lean startup.

Broadly the lean startup methodology is divided into three key principles:  

•   Deploy resources stringently.

•   Get customer feedback at the earliest.

•   Keep modifying your product or service as quickly.

Research proves a point       

Research proves-entrepreneurs who implement a vision document grow 30 percent faster in comparison to those entrepreneurs who don’t execute a vision document. This proves a point!!! Strategies which are not working in favor of your organization should be scrapped the moment they are identified, diagnosed.         

No strategy is “tailor-made” or can’t be tweaked here and there to suit your requirement!!!

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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