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How to create a successful Startup

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How to create a successful Startup

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About How to create a successful Startup

Introduction

1. Start-ups must be managed differently than established companies.

2. The purpose of a start-up is to find a sustainable business model.

3. Find your sustainable business model through validated learning

4. The leap-of-faith assumptions: test your value and growth hypotheses

5. Develop a minimal viable product to test your idea in the market

6. Use split-tests to optimize your product

7. Every start-up should initially focus on one engine of growth

8. Vanity metrics are often flattering but misleading

9. Every start-up should initially focus on one engine of growth

10. To find the right business model for your company, you usually have to pivot.

11. Build, measure, learn

12. Final summary

What You Will Learn?

  • This class helps start-ups and companies develop sustainable business models. It advocates continuous rapid prototyping and focusing on customer-feedback data..
  • The class provides a scientific approach for entrepreneurs  to create and manage startups and get a desired product to customers' hands faster. This class teaches you methods on how to drive a startup how to steer, when to turn, and when to persevere-and grow a business with maximum acceleration. It is a principled approach to new product development..
  • The questions this class will answer are:.
  • What is the primary purpose of a startup, and how should it be pursued?.
  • How can new businesses identify the proper product and business model?.
  • How can start-ups identify their growth engine and examine the correct metrics?.
  • The method is based on the concepts of lean manufacturing and agile development, and its success is backed up by case studies from the last few decades..