Lean Analytics: Use Data to Build a Better Startup Faster
Quotes from the Book
Waste is any human activity which absorbs resources but creates no value. — James P. Womak and Daniel T. Jones,
Your customers’ customers are your customers.
Startups that succeed are those that manage to iterate enough times before running out of resources.
Customers don’t care about your solution. They care about their problems. —Dave McClure, 500 Startups
All men dream: but not equally. Those that dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act their dreams with open eyes, to make it possible. — T.E. Lawrence, “Lawrence of Arabia
So the question we are called on to answer is no longer primarily, “can it be built?”, but rather, “should it be built?
The key is to build a continuous learning culture of experimenters versus specialists, where it's everyone's job to be accountable toward creating and capturing customer value.
At every stage of the startup, there are a set of actions that are “right” for the startup, in that they maximize return on time, money, and effort. A lean/bootstrapped entrepreneur ignores all else.
When people need to get a job done, they hire a product or service to do it for them. The marketer’s task is to understand what jobs periodically arise in customers’ lives for which they might hire products the company could make. — Clayton M. Christensen
Positioning: The Battle for Your Mind
How to craft a unique value proposition
In a Lean Startup, traditional department labels like “Engineering,” “QA,” “Marketing,” and so forth can get in the way and create needless friction. Eric Ries instead recommends organizing around two teams, the Problem team and the Solution team.
Your job isn’t just building the best solution, but owning the entire business model and making all the pieces fit.
If you can’t convert a warm prospect in a 20-minute face-to-face interview, it will be much harder to convert a visitor in less than eight seconds on your landing page.
Will customers want the product we’re building? Will they pay for it? Can we provide a service profitably? And
While passion and determination are attributes that are essential in order to drive a vision to its full potential, if they are left unchecked, they can also turn the journey into a faith-based one driven by dogma.
The structure of this interview largely follows a usability testing format described by Steve Krug in his book, Rocket Surgery Made Easy (New Riders Press). I
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About Ash Maurya
About the book
We live in an age of unparalleled opportunity for innovation. We're building more products than ever before, but most of them fail--not because we can't complete what we set out to build, but because we waste time, money, and effort building the wrong product. What we need is a systematic process for quickly vetting product ideas and raising our odds of success. That's the promise of Running Lean .
In this inspiring book, Ash Maurya takes you through an exacting strategy for achieving a "product/market fit" for your fledgling venture, based on his own experience in building a wide array of products from high-tech to no-tech. Throughout, he builds on the ideas and concepts of several innovative methodologies, including the Lean Startup, Customer Development, and bootstrapping.
Running Lean is an ideal tool for business managers, CEOs, small business owners, developers and programme
Book details
- First published
- 2012
- Author
- Ash Maurya
- Genre
- Nonfiction
- Goodreads rating
- 4.10 (21k ratings)
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Lean Analytics: Use Data to Build a Better Startup Faster
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The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future
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The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything
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Accelerate: Building and Scaling High Performing Technology Organizations
Founders at Work: Stories of Startups' Early Days
The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers―Straight Talk on the Challenges of Entrepreneurship
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The Startup of You: Adapt to the Future, Invest in Yourself, and Transform Your Career
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The Goal: A Process of Ongoing Improvement
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Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration
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The Pragmatic Programmer: From Journeyman to Master
Great by Choice: Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All
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The Fifth Discipline: The Art & Practice of The Learning Organization
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Made to Stick: Why Some Ideas Survive and Others Die
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