Lean Start Up:Why Is It Different?

What Is It?

•Prefer experimentation than finished planning •Suggestions from customers are priority•Repetitive designs over traditional

Benefits

• A faster pace leads to faster results (if the startup is successful)

•Observe and measure real customer behaviors• Beginning experiments will cost lower than the

traditional startup

Criticism

•More experiments will cost lots of sources and funding

• Time wasting if the experiments are dissatisfied• It’s riskier than the traditional one because lack of

planning

Conclusion

•Good for beginner entrepreneurs with low budget but have many ideas•But for experienced entrepreneurs, lean

startup will cost higher because of design and products complexity

References

• http://steveblank.com/2013/05/06/free-reprints-of-why-the-lean-startup-changes-everything/

• https://nanodome.wordpress.com/2011/10/05/lean-startups-suck-here-are-10-reasons-why/