One of my favorite read this year was “The Lean Startup” by Eric Ries. It is written by tech entrepreneur. As a engineer I can appreciate an entrepreneurship how to manual from someone in the industry. The Lean Startup helps companies become capital efficient and leverage human creativity more effectively. It is inspired by lessons from lean manufacturing. It relies on “validated learning,” rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. Your company will learn to shift directions with agility, alter plans rather than wasting time creating elaborate business plans. It offers entrepreneurs a way to test their vision, adapt
and adjust. The author is scientific in his approach to creating and managing successful startups.
The Lean Startup takes a scientific process for building a sustainable entrepreneurial business venture since productive capacity exceeds the ability to know what to build. In this case, failure must be an option, and failure while learning must be accepted.In fact, Ries outlines his own entrepreneurial failures and walks us through the techniques in his book by reference his won businesses venture. If you ant to succeed, then you cannot be afraid of failure. The main points I gathered from The Lean Startup are:
- Validated Learning Techniques
- Learning Milestones Rather Than Success Theater
- Five Whys
The can be a dry read at times but its worth the read. Please pickup a copy or borrow it from your local library. Happy Reading and Learning.