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Dacey Rankins

added blog Business
2025-03-10 17:17:09 -

What Does It Mean to Pivot in Lean Startup Terms?
In the world of startups, the ability to adapt and change direction is crucial for survival. One of the most powerful concepts for managing this adaptability is the idea of a pivot. Popularized by Eric Ries in his book The Lean Startup, a pivot is not just a minor tweak or adjustment but rather a structured course correction designed to test a new fundamental hypothesis about the product,...

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Dacey Rankins

added blog Business
2025-03-11 15:34:28 -

Common Myths About Lean Startup Debunked
The Lean Startup methodology, developed by Eric Ries, has revolutionized how businesses approach product development and innovation. However, misconceptions about Lean Startup persist, leading to confusion and misapplication. Let’s debunk some of the most common myths. Myth 1: Lean Means Cheap A widespread myth is that being "lean" means being frugal or cutting costs at all costs. In...

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Dacey Rankins

added blog Business
2025-03-10 17:30:00 -

How Do I Measure Progress in a Lean Startup?
In a Lean Startup, progress isn’t measured by traditional business metrics like total revenue or market share. Instead, progress is tracked through learning and validated insights that help refine the product, strategy, and growth model. One of the key methods for measuring progress is innovation accounting, which involves defining, measuring, and communicating key metrics that drive...

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Dacey Rankins

added blog Business
2025-04-09 13:38:24 -

How Do Startup Founders Handle Failure?
Failure is an inevitable part of the startup journey, and while it can feel overwhelming, it doesn't always mean the end of the road. In fact, for many startup founders, failure is an opportunity to learn, pivot, and come back stronger. The ability to handle failure is a defining trait of successful entrepreneurs. So, how do startup founders cope with setbacks, and what strategies do they use...

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Dacey Rankins

added blog Business
2025-03-10 17:25:48 -

Is Lean Startup Applicable Only to Tech Companies?
The Lean Startup methodology, popularized by Eric Ries, is often associated with technology startups, especially those in Silicon Valley. However, Lean Startup principles extend far beyond the tech industry. The core idea—building products based on validated learning, rapid experimentation, and customer feedback—can be applied to businesses of all types. Whether in healthcare,...

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Dacey Rankins

added blog Business
2025-03-07 13:47:35 -

What Is the Lean Startup Methodology?
The Lean Startup methodology is a systematic approach to developing new products and businesses. It emphasizes rapid experimentation, validated learning, and iterative releases to efficiently meet customer needs. Originally introduced by Eric Ries in his book The Lean Startup, this methodology helps startups minimize risks, optimize resources, and create products that truly resonate with their...

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Dacey Rankins

added blog Business
2025-03-20 15:04:51 -

What is the Lean Startup Methodology?
In the fast-paced world of entrepreneurship, the Lean Startup methodology has become a cornerstone for launching new businesses and products. Developed by Eric Ries, this approach aims to minimize the risk of failure by focusing on creating products based on customer feedback rather than lengthy development processes. At its core, the Lean Startup methodology emphasizes the importance of...

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