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Dacey Rankins

added blog Business
2025-03-07 13:52:36 -

How Does the Build-Measure-Learn Feedback Loop Work?
The Build-Measure-Learn feedback loop is a core principle of the Lean Startup methodology, helping startups develop products efficiently while minimizing risks. It is a continuous cycle where startups build a product (or feature), measure its performance in the market, and learn from the results to inform the next iteration. This iterative process ensures that companies create products that...

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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
2025-03-07 13:49:31 -

What Is a Minimum Viable Product (MVP)?
A Minimum Viable Product (MVP) is the simplest version of a product that allows a team to collect the maximum amount of validated learning about customers with the least effort. The concept, popularized by Eric Ries in The Lean Startup, helps startups test ideas, reduce risks, and refine products based on real user feedback before investing significant resources. Why Is an MVP Important?...

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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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