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What Is Lean Startup Methodology – And How Can It Help You?
If you’re involved in the startup world, you’ve probably heard the term “lean startup” thrown around. No, it’s not a new weight loss plan — although I wouldn’t doubt that there are health and fitness apps out there who have used lean startup methodology.
It’s a system for creating a business that was first introduced by entrepreneur Eric Ries in 2008 and then outlined in his 2011 book The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Business.
In our article 19 Startup Books Every Founder Should Read, Lauren Foundos, Founder & CEO, FORTË said the following:
“The Lean Startup is an incredible book because it recounts the experience of Eric Ries. He highlights his mistakes in an effort to he...
When Our Ambition is Our Enemy
Our Founder ambition is our greatest source of strength — but can also be our greatest enemy.
While being a startup Founder and having ambition are nearly synonymous, that doesn't mean the very same ambition that drives us to climb mountains can't also push us off a cliff!
I know this because I've lived it many times. I wasn't born the smartest, the most privileged, or the most talented. But I was born with two gifts — ambition and a willingness to work insanely hard. When you're starting from nothing, those gifts mean everything. Yet, what we tend to overlook is that those "gifts" have some major drawbacks that come back to haunt us later on.
Don’t miss out on free credits from Google Cloud for Startups! It’s your chance to leverage power...
Will Investors Fund Just an Idea?
For those of us who have never raised capital or built a startup before, there's a commonly-held myth that startups get funded with great ideas.
If the idea is so wonderful, an anxious investor will jump at the idea to get rich with an early investment. It must be true — we saw it on Shark Tank!
The truth is, startups get funded at all different stages, from the initial idea all the way up through proven traction. The problem is that the uninitiated don't quite understand what the difference is.
What if we had the idea 9 seconds ago?
If the idea is just that — an idea — and there's no other development or traction to the business, the only likely funding sources are going to be our credit cards and perhaps an incredibly supportive relative....