Lean Startup: How to Work Smarter and Not Harder While Innovating Faster and Satisfying Customers

By James Edge

If you want to discover how to achieve more by doing and spending less, then keep reading...

Lots of entrepreneurs are using the Lean Startup philosophy to streamline their business practices and make effective market launches without using up a lot of capital. 

You can be one of them. 

This book is going to teach you everything you need to know about Lean Startups, its specific philosophy, and how it edges out traditional businesses.

If you want an amazing startup from day 1, this comprehensive guide will start at the drawing board and accompany you as you launch your business and develop quality products tailored to the market.

In Lean Startup: How to Work Smarter and Not Harder While Innovating Faster and Satisfying Customers, you will discover topics such as

- What Is Lean Startup?

- The Benefits of Lean Startup

- The Principles of Lean Startup

- The Concepts of Lean Startup

- The Lean Startup Process

- Lean Startup Tools

- The Methods to Use with Lean Startup

- The Steps You Need for a Lean Startup Business Plan

- Steps to Get from Concept to Product with Lean Startup

- Making More Sense of Customers

- Tips to Help You Run Your Lean Startup

- And much, much more!

• Language: English
• Publisher: James Edge
• Release date: Aug 18, 2019
• ISBN: 9781393578383

Book preview

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Introduction

The following chapters will discuss how to use the Lean Startup methodology to streamline your business and increase your profit. Lean Startup is an idea that is only a few years old, but it has been making big changes in the way that the business world, especially startups, implements and grows their businesses. Think about what it would feel like to know for sure that your product will do well and make you a ton of profits before it even hits the shelves. Lean Startup can provide you with the methodology to make this happen.

This guidebook takes an in-depth look at Lean Startup and why it is an amazing tool for your business. From understanding the principles that come with Lean Startup to working through your product, from the conception of an idea to production of a finished product, you are going to find all the techniques and answers that you need to make Lean Startup work for you.

Whether you have a great idea you want to use in your business or you are preparing to start your company, you will want to eliminate as much uncertainty present in the market as you can. Make sure to pay close attention to the contents of this guidebook to learn more about what Lean Startup is all about.

Chapter 1: What Is Lean Startup?

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Lean Startup is about building your business from the ground up, with emphasis on fine-tuning a number of different aspects to create as much value from the very beginning while considerably reducing the amount of waste that will be generated.

Essentially, Lean Startup involves trying to do as much as you can to avoid overproducing, and this can be quite difficult to nail with precision in the early stages. It aims to eliminate as much waste as possible from the company’s workflow by ensuring that those wasteful processes never start to manifest in the first place.

Lean Startup is rather different from the traditional business plan in a few key ways. First and foremost, it has a different focus and different demands. The Lean Startup business plan focuses largely on making incremental changes to a product or company to best meet consumer demands. Meanwhile, the traditional business plan might place little to no emphasis on initial consumer demands. Instead, it often pushes out a fully developed product to the market and from there reacts based on the product’s market performance.

If this seems wasteful at first glance, that’s because it is. It takes an immense amount of capital to start pushing out market-competitive and fully developed products, market them as necessary, then attempt to gain some sort of meaningful market statement. It’s because of this that startup companies tend to be a large money-sink and a major capital risk. Lean Startup specifically aims to reduce capital risk and resource waste to make the process of starting a company easier on your pocketbook.

The simple fact is that having a startup is incredibly difficult. Most of the time, as a startup, you don’t have the capital power that would allow you to anchor your entire company’s fate on the success of a single product. The Lean Startup methodology could help with that aspect by giving you a way to save money on your company’s initial launch.

While Lean Startup can be difficult to implement at times, there’s no denying that it can help you see results in your business’ bottom-line. What Lean Startup has to offer is a scientific approach not only to build startups from the ground up but also to manage it. It will also help you develop products and services that are aligned with what potential and existing customers desire, and it will teach you how to do so faster than ever before.

Working with Lean Startup, you can learn how to steer your business, what turns to take and when to take them, how to maneuver the obstacle-strewn paths, and how to persevere and keep at it until your business has grown in as speedy a manner as possible. This is a great way for anyone to approach the development of a new product or even a business idea.

Most new startups start with an idea for a product or service that they think the consumer will like. Then, they spend months or years trying to perfect that product. What they typically won’t do is to take the time to show the product, in any form, to their potential clients. As such, they have no input from the customer, and that can make it hard to know for sure whether the customer will even like it once it’s on the market. They’d also have little input on whether there are changes that they can make along the way to ensure the product will meet customer expectations. The failure to take these steps often leads to the failure of the startup in general. After the product comes out and the customers express through their indifference that they are not impressed with it, there’s little else that can be done to remedy the situation. Nearly everything could amount to waste regardless of how hard they worked on the idea.

Lean Startup can help you circumvent these issues. It can ensure that your product will do well in the market because it won’t have you spending years just to put together a product, all the while hoping it would take off. With Lean Startup, you will actually include the customers’ input in your considerations and work from there. You can make changes to improve the product as you go, listen to feedback regarding these changes, and repeat the process, all to ensure that the final product you come up with perfectly suits your