The Lean Startup

@BETALAUNCH.HQ Good day folks! Today’s book review and its follow-up chapters will be based on the book ‘The Lean Startup’ by Eric Ries. In his

@BETALAUNCH.HQ 2.0 Who is an entrepreneur? In his career, Eric Ries has come across general managers, mostly from large companies, who are tasked with creating

@BETALAUNCH.HQ ‘Learning’ has always been an excuse for an entrepreneur’s failure of execution. However, learning is a consolation to employees following entrepreneurs into the unknown.

@BETALAUNCH.HQ The Lean Startup method reviews the effort of a startup as experiments that test its strategy to see which parts are good and which

@BETALAUNCH.HQ PART TWO – STEER The essence of a startup lies in converting ideas into products. As customers interact with products, they provide valuable feedback

@BETALAUNCH.HQ A minimum viable product (MVP) helps entrepreneurs to start their learning process quickly. It’s thus, the fastest way to handle the build-measure-learn feedback loop

@BETALAUNCH.HQ Startups need to take their work extremely seriously. The financials set down in the business plan include projections of how many customers the startup

@BETALAUNCH.HQ At any given point in time, every entrepreneur faces the common challenge of when to pivot and when to persevere. There is a time

@BETALAUNCH.HQ PART THREE – ACCELERATE Most of the decisions that startups make are uncertain regarding how often they should release a product and whether there

@BETALAUNCH.HQ 10.0 Where does growth arise? The engine of growth is the mechanism that startups adopt to achieve sustainable growth. According to Eric Ries, sustainable

@BETALAUNCH.HQ A startup should build an adaptive organization so that work processes should be standardized, and a curriculum of the concepts that new employees should

@BETALAUNCH.HQ Innovation teams should be correctly structured to succeed. Venture-backed startups usually have some structural features because of being small, independent businesses. Internal startup teams

@BETALAUNCH.HQ What different research programs can we engage in to discover how to work more effectively? We have little knowledge of what triggers productivity under