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a way of thinking about creating needed value with fewer resources and less waste.
a practice consisting of continuous experimentation to achieve perfect value with zero waste.
applying lean principles to creating a product, service, or business
1. Entrepreneurs are everywhere
2. Entrepreneurship is management
3. Validated learning
4. Innovation accounting
5. Build, measure, learn
Validate your business idea Lean Startup book review (8:48)
An example of the lean startup methodology is creating a one page business plan (like a business model canvas) instead of a 30 page business plan.
Another example of the lean startup methodology is creating a minimum viable product (MVP) instead of a fully functioning product.
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