Lean Startup
What is the Lean Startup Methodology?
The lean startup methodology is an approach to building companies that focuses on creating a minimum viable product (MVP) and continuously improving it based on customer feedback. The goal is to shorten development cycles, reduce waste, and validate business hypotheses quickly. The lean startup approach encourages startups to test assumptions and pivot if necessary, ensuring they build products that meet real market needs.
Principles of Lean Startup
- Build-Measure-Learn: A cycle where startups build an MVP, measure results, and learn from the feedback to improve the product.
- Validated Learning: Using customer feedback to validate product assumptions and features.
- Pivoting: Changing direction based on insights gained from testing the MVP.