Home > Work > The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
1 " People are accustomed to thinking of accounting as dry and boring, a necessary evil used primarily to prepare financial reports and survive audits, but that is because accounting is something that has become taken for granted. "
― Eric Ries , The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
2 " Visionaries are especially afraid of a false negative: that customers will reject a flawed MVP that is too small or too limited.[…]The solution to this dilemma is a commitment to iteration. You have to commit to a locked-in agreement—ahead of time—that no matter what comes of testing the MVP, you will not give up hope. Successful entrepreneurs do not give up at the first sign of trouble, nor do they persevere the plan right into the ground. Instead, they process a unique combination of perseverance and flexibility. "
3 " Visionaries are specially afraid of a false negative: that customers will reject a flawed MVP that is too small or too limited.[…]The solution to this dilemma is a commitment to iteration. You have to commit to a locked-in agreement—ahead of time—that no matter what comes of testing the MVP, you will not give up hope. Successful entrepreneurs do not give up at the first sign of trouble, nor do they persevere the plan right into the ground. Instead, they process a unique combination of perseverance and flexibility. "
4 " ...a long-term reputation is only at risk when companies engage in vocal launch activities such as PR and building hype. When a product fails to live up to those pronouncements, real long-term damage can happen to a corporate brand. But startups have the advantage of being obscure, having a pathetically small number of customers and not having much exposure. Rather than lamenting them, use these advantages to experiment under the radar and then do a public marketing launch once the product has proved itself with real customers. "
5 " The only way to win is to learn faster than anyone else. "
6 " We must learn what customers really want, not what they say they want or what we think they should want. "
7 " Reading is good, action is better. "
8 " if you cannot fail, you cannot learn. "
9 " As you consider building your own minimum viable product, let this simple rule suffice: remove any feature, process, or effort that does not contribute directly to the learning you seek. "
10 " A startup is a human institution designed to create a new product or service under conditions of extreme uncertainty. "
11 " When in doubt, simplify. "
12 " The big question of our time is not Can it be built? but Should it be built? This places us in an unusual historical moment: our future prosperity depends on the quality of our collective imaginations. "
13 " Success is not delivering a feature; success is learning how to solve the customer’s problem. "
14 " The lesson of the MVP is that any additional work beyond what was required to start learning is waste, no matter how important it might have seemed at the time. "
15 " Innovation is a bottoms-up, decentralized, and unpredictable thing, but that doesn’t mean it cannot be managed. "
16 " When blame inevitably arises, the most senior people in the room should repeat this mantra: if a mistake happens, shame on us for making it so easy to make that mistake. "
17 " This is one of the most important lessons of the scientific method: if you cannot fail, you cannot learn. "
18 " Build-Measure-Learn feedback loop is at the core of the Lean Startup model. "
19 " If we do not know who the customer is, we do not know what quality is. "
20 " Customers don’t care how much time something takes to build. They care only if it serves their needs. "