What is the Lean Startup methodology?

What is the Lean Startup methodology?

The Lean Startup methodology is a systematic approach to building businesses and products that focuses on shortening product development cycles and rapidly discovering if a proposed business model is viable.

How does it differ from traditional startup methods?

Unlike traditional methods that often rely on extensive planning and market research, Lean Startup emphasizes iterative development, validated learning, and customer feedback to adapt quickly.

Can you explain the concept of 'validated learning'?

Validated learning is a process where startups test their hypotheses through experiments and measure the results to learn what works and what doesn't, allowing them to make informed decisions.

What are some key techniques used in Lean Startup?

Key techniques include the Build-Measure-Learn feedback loop, Minimum Viable Product (MVP), and pivoting based on customer feedback.

How can I apply Lean Startup principles to my business?

You can start by identifying your assumptions, creating an MVP to test those assumptions, and using customer feedback to iterate on your product.