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Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer' anything else is waste.
Eric Ries
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Eric Ries
Age: 45
Born: 1979
Born: September 22
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The only person who can put you out of business, in the early days, is yourself.
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A solid process lays the foundation for a healthy culture, one where ideas are evaluated by merit and not by job title.
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The mistake isn't releasing something bad. The mistake is to launch it and get PR people involved. You don't want people to start amping up expectations for an early version of your product. The best entrepreneurship happens in low-stakes environments where no one is paying attention, like Mark Zuckerberg's dorm room at Harvard.
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Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.
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There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors.
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We must learn what customers really want, not what they say they want or what we think they should want.
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The lesson of the MVP is that any additional work beyond what was required to start learning is waste, no matter how important it might have seemed at the time.
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If you cannot fail, you cannot learn.
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If the plan is to see what happens, a team is guaranteed to succeed - at seeing what happens - but won't necessarily gain validated learning - If you cannot fail, you cannot learn.
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There is no greater country on Earth for entrepreneurship than America. In every category, from the high-tech world of Silicon Valley, where I live, to University R&D labs, to countless Main Street small business owners, Americans are taking risks, embracing new ideas and - most importantly - creating jobs.
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This is one of the most important lessons of the scientific method: if you cannot fail, you cannot learn.
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Zero invites imagination, but small numbers invite questions about whether large numbers will ever materialize.
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Sustainable growth is characterized by one simple rule: New customers come from the actions of past customers.
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Reading is good, action is better.
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