Lean Startup “Taking a scientific approach to building a company”

Slides:

Advertisements

Similar presentations

Business Plan Presentations

Advertisements

Lean Startup Presented by:

Customer Development Week 3.

387 Million Ways For a Startup to Fail… and How to Avoid Them Steve Blank Twitter: sgblank.

Lean Thinking Week 2. Agenda 5:30 – Team Stand Up 5:40 – Lean Thinking 6:00 – Activity: Brainstorming 6:45 – Activity: Market Research 7:25 – Review.

Build the tallest freestanding structure The entire marshmallow must be on top Use as much or as little of the kit Break up the spaghetti, string or.

Pitch Template Who you are What you do How to contact you.

Research and Enterprise Linking Minds and Markets Section 1 - Title Student Start-Up Event Wednesday 28 th March 2012 Business Planning Dr. Tim Meldrum.

Company Program. How to Ask the Right Questions Let’s start with what not to ask or lame questions to avoid asking:

New Venture Planning Class #2 – October 2, 2013.

VENTURE LAB Session 1 Part 3. Exercise: Facebook business model Sketch the business model with your team members.

Powerbridge Customer Discovery and Markets. Overall Considerations Keep in mind: – Why Now? – Solution or Idea – Market Size – Revenue Model – Competition.

Paul Cubbon Blair Simonite

The Lean LaunchPad Way Sidnee Peck W. P. Carey School of Business Get Out of the Building.

Ogie Sheehy CEO, ViClarity April 2012 Innovation Excellence in SME’s.

Beta #MODEL Selling Your Vision.

January 24-25, 2013 Igsummit.weebly.com Playing to build great projects from unknown needs Jorge Zavala Chief Disruptive Officer Kinnevo San Jose, CA

Innovation Work Circle: Big Data Presented By: Innovation Work Circle Group.

The Entrepreneur’s Bootcamp Jeff Hoffman ColorJar

Week 1. Week 2 World Class Business and Communications M. en I. Alejandro Flores World Class Business and CommunicationsInstituto Mar de Cortés What makes.

Lean Launch Pad prep for Week 2 : Value Proposition Tues 2/10 & Wed 2/11/15.

LEAN START UP. The way things used to be … Write a business plan Pitch your business to investors Assemble a team Introduce your product Sell, sell, sell.

Building a Minimum Viable Product Brian Park, RN.

Innovation & Entrepreneurship Prototyping to Product Development.

BizSmart Lunch & Learn Webinar Launching A Minimum Viable Product Speaker: Paul Rhodes, Green Gorilla Apps Date: Tuesday 23rd February Time: 12.30pm With.

Lean Start-Up Principles and Minimum Viable Product Thanks to Steve Blank, Erik Ries, Sean Ellis.

CENG490 An Introduction to Entrepreneurship November 19, 2013 Assoc. Prof. Dr. Adil ORAN Director, GİMER Entrepreneurship Research Center.

LEAN START UP VS. TRADITIONAL BUSINESS PLAN MANAGEMENT AND ENTREPRENEURSHIP MARCH 14 TH, 2016.

Presentation 1 Assigned 9/10/15 Due 9/17/15 Business Model/Customer Development.

Software Product Definition Fall, 2015 Week 3 Prof. Sheryl Root Prof. Tony Wasserman 1.

What to focus on during your PhD? Experience from working in a start-up Cristian Klein Researcher Department of Computing Science Umeå University 1.

DESIGN THINKING / STRATEGY / DIGITAL PRODUCT DESIGNpmtconsult.com “QUICKFIRE” IDEA VALIDATION A guide on how to quickly validate early concept ideas.

Tips & Tricks for Mentors

The Interview Customer Discovery

Presented by Roni Banerjee Medullus Systems

Customer Discovery Best Practices Lean Startup and Design Thinking “You’re really think you need to teach us how to talk to people?”

Beyond the Business Plan: An Introduction to Lean Startup

The Student Startup Competition

FROM IDEA TO LAUNCH.

Overview and “Real-life” Example John A. Printen, Ph.D.

5/23/2018 8:18 PM © Microsoft Corporation. All rights reserved. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN.

“ A startup is not a smaller version of a large company

The Lean Startup David W. Kralik 27 July 2016.

Lean Startup, Customer Development, and Business Model Canvas

Lean Startup and the Process of Innovation

Business Model Validation Lab

Pitching Workshop I pitch therefore I am.

Business Model Validation Lab

Rob Gleasure IS3320 Developing and Using Management Information Systems Lecture 17: The Lean Start-Up Rob Gleasure.

Lean Startup Explained

Because all business is no fun!

The Scientific Method.

Business Model Canvas Refinement

Team member 1, school Team member 2, school Team member 3, school

Building a Minimum Viable Product

Modern Approaches to Idea Development

CUSTOMER DISCOVERY STEVEN DENNIS, PRESIDENT, SAGEBERRY CONSULTING/CONTRIBUTOR, FORBES MAGAZINE.

Entrepreneurial Marketing: An Effectual Approach

The Scientific Method.

The Scientific Method.

The Scientific Method.

Modern Approaches to Idea Development

LEAN is the way of our work

Proof of Concept By Peter Baskerville 20/07/2019.

Logo / branding / images

BOOTCAMP SOCIAL INNOVATION ACCELERATOR TO CREATE LASTING CHANGE

The lean startup –Eric Ries

Planning for success By Peter Baskerville 3/11/2019.

Startup 101 & The lean startup

Presentation transcript:

Lean Startup “Taking a scientific approach to building a company”

I don’t know what I will be. (Startup isn’t much different) When I grow up…. I don’t know what I will be. (Startup isn’t much different)

Traditional Business Plan

75%-85% of all startups fail within the first 5 years Perfect Business Plan?

“Get out of the Building” = Customer Development Experimentation VS. “big design up front”

A startup is a temporary organization used to search for a repeatable and scalable business model. - Steve Blank

Before you build anything… Figure out what customers want and will pay for. (As quickly as possible)

Be problem centric…. Is there really a problem?

Customer Validation Focuses on Customer Segmentation Problem Discovery Problem Validation Product Discovery Product Validation Product Interviews

Success is based on if YOU solve the customers’ problem. NOT building features. Don’t sell what you make. Make what you sell.

Minimum Viable Product (MVP) The fastest way for you to “ship” the product or service in order to see the market’s reaction. The scope of it depends on how complex your hypothesis is. https://vimeo.com/125073155

Customer Interviews Talk to a stranger. Fun. That stranger is immensely busy…and hates being sold things. Getting better. That stranger will likely destroy your vision for a company. Ready to get started?!

http://customerdevlabs.com/2013/11/05/how-i-interview-customers/

1st rule of validating your idea: Do not talk about your idea 2nd rule of validating your idea: Do not ask about the future

Interview Questions Tell me a story about the last time …… What was the hardest part about that? Why was it hard? How do you solve it now? Why is that solution not awesome?