The Lean Startup Approach
New and effective ways of building products are continuously being implemented. A recent and effective is the lean startup methodology, which focuses on the development of a scalable and sustainable business model, in contrast to the conventional ways.
Chandigarh Angels Network member, Aman Jain, quotes ideas from Eric Reis’ book titled “The Lean Startup: How Constant Innovation Creates Radically Successful Businesses” and narrows down to 6 key methods. These include building and testing of hypotheses, developing a minimum viable product, validation of learning, use of the 5 whys method, small batches technique and managing risks.
This approach may be the key to accomplishing results with your product and may give you the upper hand with regard to your competitors.
This article was published in Times of India. Read it here.