TOP 3 TIPS from THE LEAN STARTUP by ERIC RIES - Book Summary #16

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Want to learn how to turn a startup idea into a sustainable business? THE LEAN STARTUP book can help you build the right product or the right service with as little wasted time or effort as possible. It's not just about building something faster. It's about giving yourself the best opportunity to turn your initial idea into a functional and growing business.

If you're an entrepreneur, founder, or anyone else interested in turning an idea into a real business - I recommend that you review this book summary of THE LEAN STARTUP by Eric Ries to decide if it's the right book for you.

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CHAPTER MARKERS:
00:00 - The Lean Startup Book Summary
00:55 - Insight #1 - Start By Identifying Your Biggest Assumptions
04:06 - Insight #2 - Find Inexpensive Ways To Test Your Assumptions
08:44 - Insight #3 - Apply The Build-Measure-Learn Feedback Loop
14:19 - Conclusion and Final Thoughts

Content by Rick Kettner
Produced by Kyle Trienke
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Do you have a favorite business book that you would like to see covered here in the future?

RickKettner
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The thing I really liked about the book was that it was totally compatible with the way I learned the scientific method in High School Biology class: Observation, Classification, Hypothesis and Testing. You look around and see what there is to see. To follow your example, everyone wears shoes. Classification, they are bought from a shoe store. You often try on 3 or 4 pairs before deciding, even though you probably know your size from experience. You think you have understood a truth. Hypothesis: People will buy shoes online. Define success metrics. 68% of people placing an order will buy the shoes. Testing: Run the test and evaluate the results, success or failure. Hansei or reflection on the results. Have good color matching in the website. Have a chart converting inches to shoe size. If you fail, go back to an earlier stage and try again. There are many more great techniques in the book.

camgere
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Loved the references in this episode in regards to how you can test your biggest questions. I have heard a lot about this book, thanks for the detailed explanation.

Jappon
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I just loved the way you explained the ideas. Very simple and extremely understandable. Love from India 🙏

nayandas
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I like your library, it shows you are committed to your craft 🔥

codeit
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WOW! this is really helpful. Subscribed!

saadosman
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I have a couple of video interviews lined up and I have a few polls on social media where I ask questions to my potential customers if they have the problems i’m trying to solve.

Is this enough to validate my idea? 🤔

Wynapse
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great video mate, seems you havent made one in quite some time, are you still here?

dollarjilt
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How can we get this book in a pdf file. Anyone have kindly share

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