Download - Lean start up intro
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Lean Start Up:Why Is It Different?
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What Is It?
•Prefer experimentation than finished planning •Suggestions from customers are priority•Repetitive designs over traditional
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Benefits
• A faster pace leads to faster results (if the startup is successful)
•Observe and measure real customer behaviors• Beginning experiments will cost lower than the
traditional startup
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Criticism
•More experiments will cost lots of sources and funding
• Time wasting if the experiments are dissatisfied• It’s riskier than the traditional one because lack of
planning
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Conclusion
•Good for beginner entrepreneurs with low budget but have many ideas•But for experienced entrepreneurs, lean
startup will cost higher because of design and products complexity
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References
• http://steveblank.com/2013/05/06/free-reprints-of-why-the-lean-startup-changes-everything/
• https://nanodome.wordpress.com/2011/10/05/lean-startups-suck-here-are-10-reasons-why/