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  • Lean Startups

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    Neha Divanji
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    The document discusses 3 common mistakes that can hurt startups: 1) Being stuck in the waterfall model where parameters often change between planning and delivery, 2) Using agile methods to avoid creating non-working products but failing to ensure the products are needed, and 3) Having convoluted decision-making processes due to too many approvals. It recommends using the Build-Measure-Learn method which involves building something minimal to collect metrics, running experiments to collect data, and analyzing the data to determine if assumptions are true or false to pivot or persevere. The key steps are identifying assumptions, creating a minimal viable product, running experiments with the right processes and measurements, and deciding when to pivot or preserve the current approach.

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    The document discusses 3 common mistakes that can hurt startups: 1) Being stuck in the waterfall model where parameters often change between planning and delivery, 2) Using agile methods to avoid creating non-working products but failing to ensure the products are needed, and 3) Having convoluted decision-making processes due to too many approvals. It recommends using the Build-Measure-Learn method which involves building something minimal to collect metrics, running experiments to collect data, and analyzing the data to determine if assumptions are true or false to pivot or persevere. The key steps are identifying assumptions, creating a minimal viable product, running experiments with the right processes and measurements, and deciding when to pivot or preserve the current approach.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views9 pages

    Lean Startups

    Uploaded by

    Neha Divanji
    The document discusses 3 common mistakes that can hurt startups: 1) Being stuck in the waterfall model where parameters often change between planning and delivery, 2) Using agile methods to avoid creating non-working products but failing to ensure the products are needed, and 3) Having convoluted decision-making processes due to too many approvals. It recommends using the Build-Measure-Learn method which involves building something minimal to collect metrics, running experiments to collect data, and analyzing the data to determine if assumptions are true or false to pivot or persevere. The key steps are identifying assumptions, creating a minimal viable product, running experiments with the right processes and measurements, and deciding when to pivot or preserve the current approach.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    of 9

    LEAN STARTUP 1/9

    3 MISTAKES
    HURTING YOUR
    STARTUP
    @Growthspin
    LEAN STARTUP 2/9

    ARE YOU
    GUILTY OF
    THESE?
    @Growthspin
    LEAN STARTUP 3/9

    1. STILL STUCK IN THE

    WATERFALL MODEL?
    During the long time range from

    planning to delivery, many parameters

    change

    @Growthspin
    LEAN STARTUP 4/9

    2. STILL USING AGILE

    METHODS?
    Working in sprints to ensure that you

    don't create a product that does not

    work. But the aim should be to avoid

    creating a product that people don't

    need.

    @Growthspin
    LEAN STARTUP 5/9

    3. LONG APPROVAL

    PROCESSES
    Convulating the decision making

    process by waiting on too many

    approvals from too many stakeholders

    @Growthspin
    LEAN STARTUP 6/9

    WHAT SHOULD

    WE DO?
    @Growthspin
    LEAN STARTUP 7/9

    USE THE BML METHOD


    Build – Build something in order to

    collect the metrics identified.

    Measure – Run experiments, let people


    interact with it, collect data

    Learn – Analyze data to determine if

    the hypothesis is true or false, then

    pivot or persevere

    @Growthspin
    LEAN STARTUP 8/9

    WHAT ARE THE KEY STEPS ?


    Identify key assumptions
    Why do you think it can work?

    Minimum Viable Product


    What does your first product look like?

    Running Experiments
    Choosing the right process and

    measurements

    Pivot or Preserve
    How to make a difficult change & when

    @Growthspin
    LEAN STARTUP 9/11

    DID YOU
    FIND THIS
    HELPFUL?
    Be sure to save so you
    can come back later!

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