8. Lean Startup Principles
Entrepreneurs are everywhere.
Entrepreneurship is management.
#innocon14
9. Why Startups Fail?
1. The allure of a good plan, a solid
strategy, and thorough market
research.
2. Just do it! If management is the
problem, chaos is the answer.
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13. Entrepreneurship is Management
§ Traditional management practices fail.
§ Management as taught by MBAs
§ Need practices and principles geared
towards the start up context of extreme
uncertainty.
§ Not just two guys in a garage.
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14. Lean Startup Principles
Entrepreneurs are everywhere.
Entrepreneurship is management.
Validated learning.
#innocon14
17. Speed Wins
If we can reduce our time
between pivots, we increase
our potential for success
before we run out of time,
money, or patience.
#innocon14
18. Lean Startup Principles
Entrepreneurs are everywhere.
Entrepreneurship is management.
Validated learning.
Build – Measure – Learn
#innocon14
20. Achieving Failure
§ If we are building something nobody
wants, what does it matter if its done:
§ On Time
§ On Budget
§ With High Quality
§ With Beautiful Design
§ Does it matter if you successfully execute
a bad plan
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29. Three Learning Milestones
1. Establish the baseline:
– Build a minimum viable product.
– Measure how the customer behaves right now.
2. Tune the engine:
– Experiment to see if we can improve metrics from the baseline to
the ideal.
3. Pivot (Persevere):
– When an experiment reaches diminishing returns, it’s time to
pivot.
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