Entrepreneurs are everywhere. You don’t have to work in a garage to be in a startup. The concept of entrepreneurship includes anyone who works within my definition of a startup🚀a human institution designed to create new products and services under conditions of extreme uncertainty. .
That means entrepreneurs are everywhere and the Lean Startup approach can work in any size company, even a very large enterprise, in any sector or industry. .
2. Entrepreneurship is management. A startup is an institution
🏦 not just a product, and so it requires a new kind of management specifically geared to its context of extreme uncertainty. In fact, as I will argue later, I believe “entrepreneur” should be considered a job title in all modern companies that depend on innovation for their future growth. .
3. Validated learning. Startups exist not just to make stuff, make money, or even serve customers. They exist to learn how to build a sustainable business. This learning can be validated scientifically by running frequent experiments that allow entrepreneurs to test each element of their vision.
. 4. Build-Measure-Learn. The fundamental activity of a startup is to turn ideas into products, measure how customers respond, and then learn whether to pivot or persevere. All successful startup processes should be geared to accelerate that feedback loop. .
5. Innovation accounting. To improve entrepreneurial outcomes and hold innovators accountable, we need to focus on the boring stuff: how to measure progress, how to set up milestones, and how to prioritize work. This requires a new kind of accounting designed for startups—and the people who hold them accountable.
Remember that time when we had a stall at the @AMCHAM Workplace Diversity event, surrounded by industry experts and thought leaders? And we listened to an amazing panel of speakers afterwards talking about why the workplace needs to change, and why diversity at all levels is so important?
Great event. Great company. Great panel.
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Startup Hustle Episode 11 is out now! In this week’s episode, I visit @blanklabelclothing and talk about the importance of the customer experience and how to utilize the power of referrals to acquire new customers. 👔 The video is linked in my bio! ▶️
The beautiful story behind the amazing app called @sooperpop is live now!
So after going through many promising #startup stories, I ended up with meeting Mr. Ankit Patel & Mr. Sanket Kale, minds behind #sooperpop an AR based unique app.
While developing the one product and bringing a solution for it, the birth of the new product @sooperpopvadodara took place, @sooperpop was supposed to be a small subset and feature of sizebooth, but they realized the potential of AR and instead of making any add on feature started developing an absolutely new product called SooperpoP and dedicated their all-time to it.
To know the complete story continue reading at @busysprinklers