The Lean Startup by Eric Ries ePub Download

June 28, 2022 Business

Download The Lean Startup by Eric Ries ePub eBook free. “The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses” is a wonderfully written book about how to build a start-up effectively.

Description of The Lean Startup by Eric Ries ePub

“The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses” is an amazing book to folks in the process of founding a startup, as well as to leaders and instigators within larger companies who are seeking to launch new developments using small cross-functional teams in a leaner and more accelerated fashion than traditional waterfall development efforts. Eric Ries is the author of this classic book. Eric provides real-life scenarios and case examples of how startups begin, progress, survive, and fail. Lean Startup is a well-written book with a lot of fresh ideas and thinking about start-ups and entrepreneurship. Ries, the author of the book, has had a fair share of start-up experience and in his last start-up (IMVU) experimented with a lot of non-standard ways of managing start-ups influenced by Steve Blank and the Toyota Production System (or lean and hence Lean Startup). Eric provides a map on starting a business with concrete steps and strategies for executing a plan. He gives guidance on how and when to persevere with the initial plan or to “pivot” into another approach based on the results, or lack of results, arising from an entrepreneur’s initial plan. Entrepreneurs need to learn what their market wants and to provide this and not some product or service that the entrepreneur thinks that the market should want or need. To do this requires building and testing a minimum viable product to determine the market’s reaction. He advocates attention to innovation accounting to measure progress in the market’s acceptance of your product or service and to avoid vanity metrics. In this book, Ries proposes a model for managing something that traditionally has been seen as somewhat unmanageable: an entrepreneurial startup business. It’s a good read, even if you’re not in a startup business, but want to use the same ideas for managing a new project, product launch or service. The Lean Startup model focuses on creating a minimum viable product for the market and receiving customer feedback along the way to improve the product. Oftentimes a rough draft of a working product is enough to gain valuable feedback and ideas that would never have been thought of if the project had been refined to death by its developers. What if your team toiled away for years creating advanced software and the finished product doesn’t have the features the customer really wanted? Avoid this mistake.

The Lean Startup methodology is a way to ensure the final product is as optimized as possible. Eric also introduces pivots as a means to take a new approach, if necessary, instead of starting over from scratch. This is in contrast to the old way of doing business where a product is launched only when it is fully functional and high quality in the creator’s eyes. Oftentimes, perfectionism can be costly both in time and in money. Eric does a wonderful job outlining how a product (online or physical) can be built and refined from a customer feedback loop. Not only does The Lean Startup serve as a methodical roadmap for creating your business efficiently and effectively, but also the book delves into startup metrics that will give a new meaning to how you measure your progress. Ries calls this “innovation accounting”. Innovation accounting is a way of looking past the headline numbers such as revenue growth and instead of tracking changes in customer adoption, retention, and usage patterns. A successful startup does not just flourish because of a brilliant idea. Success in a condition of uncertainty (in this case innovation) requires managing people through all the challenges of innovation and growth. It means understanding your customers and keying in on statistics that tell the true story of progress. Whether you are a product developer for a company or an executive at a high-tech startup or even a fresh-faced college graduate, this book benefits positions from all perspectives in every industry. The real lesson of the Lean Startup movement is one of humility and exploration. It teaches us to accept the reality that great ideas still need to be validated and proven in order to become really profitable businesses. If you want to start your own business or just want to improve the one you already have, this is the book for you. We highly recommend this book and its philosophy. The author uses real-world examples from his own experience as a corporate entrepreneur and his frankness is helpful and refreshing. Whether you are a budding entrepreneur, an investor in start-ups or a manager in a company working towards innovation or re-design, this is a must-read book.

Detail About The Lean Startup ePub

Name: The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
Author: Eric Ries
ISBN: 9780307887894
Language: English
Genre: Lean Management, Venture Capital, New Business Enterprises,
Format: PDF/ePub
Size: 1MB
Page: 336
Price: Free