- Automotive Business
- Balance Sheet
- Bank Financial Models
- Black-Scholes -
- Cash Burn Rates
- Cash Flow
- Comparable Comps Analysis
- Corporate Finance
- Cost Analysis
- Debt Schedule
- Discounted Cash Flow (DCF)
- Economic Value Added
- Excel Add-Ins
- Financial Markets
- Financial Projections -
- Hedge Fund
- Healthcare Financials
- Hotel Financial Models
- Income Statement
- Industry Specific Financial Models
- Investment Banking
- Inventory Management
- IPO (Initial Public Offering)
- IT (Information Technology) Business
- Leveraged Buyout (LBO)
- Mergers & Acquisitions (M&A)
- ModelOff Samples
- Monte Carlo Simulation
- Mining Financials
- Net Present Value (NPV)
- Options Pricing & Valuation
- Personal Finance
- Private Equity
- Real Estate Finance
- Renewable Energy Financials
- Restaurant Finance
- Return On Investment (ROI)
- Retail Finance
- Shipping Financials
- Scenario Analysis
- Sensitivity Analysis
- Stock Valuation
- Three Statement Financial Models
- Valuation Models
- Venture Capital
- Weighted Average Cost Of Capital (WACC)
- Wealth Management
- Cohort Analysis
- Design Thinking Process
- E-Commerce Financial Models
- Growth Hacking
- Lean Startup
- Lifetime Value (LTV)
- Raising Capital
- Software-as-a-Service (SaaS)
- Startup Boards
- Startup Business Plans
- Startup Cap Tables
- Startup Financial Models
- Startup Investors
- Startup KPI Dashboards
- Startup Lifestyle
- Startup Pitch Decks
- Startup Studios
- Startup Valuation
- Legal & HR
Lean Startup methods
What is the Lean Startup?
The lean startup method is for developing businesses and its products. The aim is to establish a company and launch its products faster, while being in line with what the customers want.
Where does the Lean Startup model come from?
The lean startup method was first proposed by Eric Ries in 2008, where he applied lean management principles to catapult high tech startup companies. Since then, the Lean startup method has gone beyond its application. It can now be applied to individuals, teams and companies aiming to introduce their product/service into the market.
What does the lean startup spirit do?
The lean startup method’s objective is to shorten a product development cycle. This translates into the potentially lagging timeframe a startup may experience as they invest too much time in perfecting their product or service. This in many cases may not turn out to be what attracts its customers, and in turn, risks the lifetime of the startup. This is exactly what the lean startup model aims to avoid.
How do we apply the Lean startup method?
Businesses should aim to work in a feedback loop of “build, measure and learn”. The team will create a version of its product, the “Minimum viable product”. The minimum viable product (MVP) is a not-yet -finalized product that is enough to satisfy early customers to get their necessary feedback.
The customers then get to test out the MVP, give their feedback and the team works to implement that feedback into their product. After consecutive rounds, the product or service can further be tailored into what the customer really desires.
How does consumer feedback work with the lean startup tool?
Businesses can use key performance indicators (KPIs). The KPIs will enable individuals to keep track of their figures and study the performance of the firm in different time periods given the activity of the customers. Then by using those indicators, the continued deployment process will work as the feedback is implemented and improvements are made.
How do we make improvements in the lean startup method?
By tweaking, building, or pivoting. Tweaking would be small changes made to the product itself, whereas building would mean implementing further elements onto the product. However, pivoting is key; It pushes us to test the initial hypothesis of the product, strategy or the engine of growth.
What are the benefits of the Lean startup model?
The lean startup method validated way of learning will enable quicker building of companies and launching of products. Individuals can assess the specific demands of consumers and learn how to meet that demand using the least amount of resources possible, where long development times are cut, which is then followed by a decreased need of funds.
Consequently, the market risks and launch failures are diminished and more confidence can be invested in the start-up with the Lean startup model.
Eloquens has a variety of resources that can help you employ the lean startup method. By browsing through out catalog, you will find some KPIs that can be key to your organization. With that, we have got a variety of guides aimed at pushing your development process!
For more information, feel free to read further on the following:
-> Harvard Business Review "Why the Lean Startup Changes Everything"
-> Eric Ries at Google "The Lean Startup"
-> Purchase the Book on Amazon
For the original site: http://theleanstartup.com/
Most popular methods
Lean Canvas is the New Pitch Deck!What's good about Lean Canvas is that it takes a short time to put together and you can start discussing it immediately.270 remove_red_eyefreeby Mike Lingle
Talking To Humans (The Book)Success starts with understanding your customers - this book will teach you how to do it.692 remove_red_eye
Simple GANTT Chart Template for Kick-offsThe GANTT chart template used by Paua Ventures to kick off meetings with our new investments.459 remove_red_eye
Business Assumptions & Risk Exercise TemplateLearn what you need to learn and test yourself by challenging your belief system for your big idea232 remove_red_eye
Cohort Analysis Calculation Excel ModelPerform an in depth cohort analysis, in 5 minutes, in 3 simple steps.365 remove_red_eye
The One Page Business PlanHave in a single page, the essentials of your future business in a very organized manner997 remove_red_eye
The Definitive Guide to Growth HackingA 100 page learning process to understanding Growth Hacking.370 remove_red_eyefreeby Neil Patel
Lean Startup Experiment TemplateTemplate for a Lean Startup Experiment.178 remove_red_eye
Cohort Analysis in 3 minutes: an Excel exampleA simple step-by-step explanation of how to do cohort analysis.1,193 remove_red_eyefreeby Daisy Deng
The Lean CanvasA different version of the first Business Model Canvas made by Alex Osterwalder.580 remove_red_eyefreeby Ash Maurya
Seven Steps to Market TestingA 7 step guide to help you understand your potential market before starting anything in business153 remove_red_eye
Fundraising Pitching TipsHow To Craft A Concise Pitch Investors Will Care About215 remove_red_eyefreeby Bing Gordon
Checklist for EntrepreneursA cautionary checklist for starting/running a business134 remove_red_eye
How to Earn Your First 100 CustomersLearns the 8 ways used by successful startups.90 remove_red_eyefreeby Dave Schools
Viral and Retention Excel ModelA model to explain: how come and when do apps “jump the shark?” (i.e: when they fall from successful to failure)147 remove_red_eye
Rational Growth (PDF)Introducing data and analytical thinking to grow user sign-ups104 remove_red_eye
- Have a Lean Startup Method to share?
Your Lean Startup MethodPublish your method
Any questions on Lean Startup?
The user community is here to help. Go ahead!