Why the Lean Start-Up changes everything

Why the Lean Start-Up changes everything

1. it makes entrepreneurship less risky.

   • Reduces the odds of failing

2. Radically different than traditional methods.

   • Business Plans are not that reliable
     • Business plans generally don't survive contact with customers.
     • Start-Ups are not smaller versions of large companies.

3. The lean method has three key principles

   • Instead of making a business plan, make a business model canvas.
   • The use of "customer "development".
     • Ask for feedback to users, purchasers and partners.
   • Agile development.
     • Work hand in hand with customers development.
   • Experimentation over planning
     • customer feedback over intuition
       • iterative design over traditional “big design up front” development

4. Companies don't work in secret. They constantly receive feedback from users.

5. Lean Start-Up is not just for Start-Ups. Big companies has implemented it and got really good results.

6. Getting financial services and capitalization has evolved too, there are new ways, like kickstarter, and many ways to get investors.

7. The access of information has evolved too, with internet you have access to a lot of information that before you can not access so easily..

8. Business schools and universities have adopted this new method.

9. companies keep innovating, in order to reduce external threads.

10. Companies launch products that customers actually want.