When you face a problem, how do you figure out what the root cause was? How do you learn what the right problem to tackle is?
The solution is the Five Whys: keep asking Why until you find the problem. But how do you do it correctly, and what pitfalls are there in the 5 Whys Analysis? Learn from this Lean Startup guide.
Much of business strategy in the past few decades has focused on competition, including Michael Porter’s five forces and SWOT analysis. In these red oceans, market structures are known, and companies try to outperform rivals to grab share of existing demand.
Over time, markets become crowded, products become commodities competing on price, and profits dissipate. This trend is aggravated by technological improvements that allow incredible creation of supply that can outstrip demand, causing further price competition.
What is a value hypothesis for your startup? What is a growth hypothesis? How do you generate your lean startup hypotheses, and how do you get data to answer them?
What is a video minimum viable product? How do you build one, and have it test your Lean Startup hypotheses? Learn the key tips here.
What is the Build Measure Learn feedback loop from Lean Startup? How do you step through the loop to build your company? Learn more from this guide from Lean Startup
Entrepreneurs seem to resist management by nature – that’s why they started the company in the first place! But just like any project or organization, entrepreneurs and startups really do need management.
What is entrepreneurial management? How do you manage well as an entrepreneur? Learn more, from Lean Startup and Eric Ries.
The ideas in The Lean Startup came about when Eric got frustrated working on products that failed to get traction. As an engineer, he initially thought they failed due to technical problems, but this was never the right answer. In reality, they just spent a lot of time building things nobody wanted.
Eric Ries applied these concepts to IMVU, which became a roaring success, with millions of users and $50 million in annual revenues in 2011. To help others succeed in innovation, Eric started the Lean Startup movement by publicizing the framework you’ll learn about here.
Votizen was a civil participation startup based around politics. It’s a key example in Lean Startup. But what happened to Votizen the company? Learn more about the lessons learned from Votizen’s near-failure and how it improved its way to success.
Who, exactly, is an entrepreneur?
Entrepreneurs aren’t just startup founders working out of apartments. They can also be general managers in large companies charged with creating new ventures or new product lines.
In Lean Startup, Eric Ries supports decreasing your batch size. Don’t overinvest in huge feature releases. Release less and more often, and you’ll learn faster.