🚀 Insights from "The Lean Startup"

Published on: October 21, 2024

Key Insights

  • Don’t end up making a product that customers don’t want (Ries, 2011)
  • Use your initial startup days to learn quickly and reduce waste (Ries, 2011)
  • Launch as fast as you can with your Minimum Viable Product (MVP) (Ries, 2011)

Build What Customers Want

Don’t end up making a product that customers don’t want. Most of the time, customers don’t know what they need. Your startup product should fulfill their needs (Ries, 2011).

Learn to Reduce Inefficiencies

Use your initial startup days to learn quickly and reduce waste. Adapt fast to provide valuable products and services to your customers (Ries, 2011).

Launch Your MVP

Launch as fast as you can with your Minimum Viable Product (MVP)—a product with essential features to test customer behaviors and gather early feedback (Ries, 2011).

Iterate for Engagement

Building products that increase customer engagement is crucial. Remember, what customers want is often uncertain (Ries, 2011).

💡 My Tip

Don’t invest too much energy and resources into launching your product prototype. Launch early to gain initial customer interest and feedback, then iterate and improve!

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Tags

#Startup #Entrepreneurship #MVP