Leverage The Magic of Lean Startup

Starting a new company has been a challenge, and will remain so. There are strong reasons to corroborate the fact. Right from the moment you sow the seed of a startup, your tryst with the future of your pet startup begins.

As an entrepreneur, your first and foremost priority is to bring your pet startup at a break even point. The moment that happens, you, your team, resources get a most desired lift. Sounds simple!!! However, is it that simple? Not at all!!! Do you know why???

Startups’ founders must consider disturbing statistics before painting a drawing on a canvas about the future of your startup. A dedicated research by a leading business school Harvard Business School clearly suggests that 75% of startups fail to see the light of the day. This figure speaks volume, can never be undermined.

A budding entrepreneur plunging into startup business can’t undermine this fact. In fact he/ she should consider the figure before venturing into startup. It’s like going on a sail with lifeboat. That’s true!!! Blindly don’t start a business!!!

Explore the Magic of Lean Startup

Do you know what separates a successful startup from an unsuccessful one??? There are couple of reasons. One could be banking on a plan that works when you are short of resources.

Industry insiders have been developing one theory after the other to fuel the growth of the startups. One such theory is lean startup. It’s a marvelous development, enabling startups in scaling up.

How Does the Phenomenon Work?

The well researched phenomenon helps in making the process of running a company less risky. It works on clear cut rules. Instead of favoring a comprehensive planning on how to run a startup, it focuses on learning from experimentation, customer feedback, and iterative design among others. Philosophy is to carryout experimentation in product development, services without taking risk.

Customer feedback plays a significant role in keeping the product/ service alive and company at large. That’s absolutely true!!! The moment you realize that a certain innovation is not producing result; you can plug it, saving yourself from future risks. That’s what you want as an owner of a startup.

The same methodology is applicable for innovation. You are free to innovate with your product/ service; however, as exclusive monitoring is in place, you can comfortably capture the flaws. And it pays off in the long run.

Leverage on Innovify’s Expertise in Lean Startup

At Innovify, fueling the growth of startup is not mere a business strategy, in fact it’s a passion. Our one point agenda is to enable startup scaleup. Leveraging the outstanding experience of our wonderful lean startup team, we are helping startups in overcoming the market challenges, including product/ service launch, customer feedback, and innovation among others.

Explore the phenomenon at Innovify at the earliest and watch your dream startup company grow.

Why Going Conventional? Lean Startup Is Really Incredible and Successful

The lean business theory is just incredible!!! As a founder of a startup, you are always looking for viable business techniques, enabling you realize your dream of managing a startup successful.

Research on the sustenance of lean startups show, majority of the startups fails to perform under stiff market competition. Reasons are galore, including lack of experience in managing a venture, short of concrete planning, and lack of contingency plan.

Lean Startup

Many theories have evolved to surmount the challenges being encountered by niches. Every theory came out with its own pros and cons. Some were appreciated while others were out rightly discarded.

As I’m doing research on the mechanism of businesses, their management style, challenges, recommending one theory or undermining the other has been a massive challenge for me. I never wanted to jump to any conclusion before absolutely ensuring its pitfalls or advantages. As a research scholar, it’s my primary duty to recommend a methodology to accelerate that works.  That’s my job as a research scholar!!!

Emergence of the lean startup

Industry leaders have been trying to come up with a feasible mechanism, enabling entrepreneurs in realizing their business goals. Lean Startup is one such theory which is enabling them in overcoming market challenges. Interestingly the theory is widely accepted cutting across domains.

Whether you are from a manufacturing field or running a research organization, lean startup has answers for your pet startup. Speaking in terms of its key principles, it is broadly divided into three key pillars:

• Deploy resources smartly.
• Draw customer feedback at the earliest.
• Bring in change in the product/ service at the earliest to keep pace with the changing market dynamics.     

The aforementioned succinct principles clearly show how incubation can leverage lean startup mechanism to establish them as a brand.

Bank on Innovify

At Innovify, we are committed to execute lean startup mechanism in your pet startup organization successfully. There are many success stories. Within a short span of time, we have enabled many ventures in realizing their business goals. Professionally qualified team of technocrats, administrators, and IT professionals among others with rich experience in lean startups work day in day out to ensure the success of your own start!!!

How Lean Startup Is Shaping Startups

As somebody who thoroughly believes in the theory- keep pace with the time otherwise repent later, recommending lean startup to startups was an obvious choice.  However, I want to make it clear, it’s definitely not out of compulsion.

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Challenges

In fact, as a writer who delves into the success stories of startups, research on the success of lean startup methodology was an obvious choice. Do you know why??? While doping research on the success stories of startups, I came across many stumbling blocks, posing threat to the very existence of startups, including:

• Resources.
• Capital.
• Customer base.
• Contingency plan.

The aforementioned challenges are very much genuine, if not surmounted could lead to disaster. As a promising businessman you can’t afford that. Right!!! That’s why startups have always been on the lookout for a viable system, enabling them to surmount challenges being faced by them.

Lean Startup

For startups struggling to survive in the crowded market, emergence of lean startup was a big sigh of relief.  It was like a ray of hope behind the dark cloud!!! In general almost all the startups face similar kind of challenges. Lean Startup Methodology comprises a set of principles developed after a comprehensive research on the performance, operation, management of startups cutting across background, including manufacturing, supply, services, trading, and  retail among others.

Do you know why the Lean Startup Methodology is successful?

Developed after a comprehensive research, the lean startup methodology renders focus on validated learning, drawing lessons from experimentation, frequent launch of services and products among others. That’s why it’s a successful strategy.

Bank on the expertise of Innovify

Enabling startups in executing the lean startup methodology is not just a profession at Innovify. For us it’s a passion!! Driven by the spirit of our brilliant team onboard, we are enabling startups in the successful rollout of the lean startup methodology.

Leveraging The Lean Startup Principles

The lean startup movement has taken the startups by storm, enabling them is scaling up. That’s true!!! In fact, every startup, be it a manufacturing company or a service provider desires to swiftly move beyond the break even point. Unless you overpower break even point, you can’t visualize success. Nobody wants that to happen.

The Lean Startup Principles -

The emergence of lean startup is a huge blessing in disguise for the startups, enabling them in accomplishing their entrepreneurial objectives. Is lean startup system really paying dividend or just a creation of a rumor mill???

Lean startup lays emphasis on couple of interesting things. Focus on this tiny but significant statement, capturing the essence of lean startup-

“Be innovative. Don’t waste your and people’s time. Focus on results and be more successful”.

Well one thing is for sure-lean startup methodology hasn't emerged overnight-its elements, theories, process are a result of deep research and development. Subsequently that helped in the evolution of principles of lean startup.

Broadly the lean startup methodology is divided into three key principles:

• Deploy resources stringently.
• Get customer feedback at the earliest.
• Keep modifying your product or service as quickly.

Why the phenomenon is successful?

The lean startup methodology is swiftly impacting new as well as established organizations, enabling them reap fruit of their hard-work in stiff market competition.

Combining the expertise of our lean startup professionals and state-of-the-art infrastructure, we are delivering lean startup solutions, enabling startups in scaling their business goals.

A team of dedicated lean startup executives work in unison to deliver solutions to enterprises irrespective of their domain, matching global standards. That’s why within a short span of time, Innovify has created a niche in the business world!!!

Lean Startup Enables Steady And Consistent Growth

That’s really a genuine question-do lean startup principles enable startup companies in establishing their brand??? Do lean startup principles enable companies in realizing their business goals?

Are lean startup principles practically relevant???

Lean startup methodology is swiftly assuming significance in the corporate world especially for the future of startups. Market is abuzz with the term, leading to various speculations.

Whether the phenomenon works or not?

Industry experts are divided-some are in support, while some are against the new age development.

Let’s understand it

Deep dive into the lean startup model clearly suggests-whenever a new business is launched, it adheres to certain proven principles, system. These include validated learning; learn through experimentation, and frequent launch of services and products to name a few.

Why so? As startup face challenges galore in managing full-fledged operation, they follow certain austerity measures to cut down on operational cost.

Key Principles

The lean startup system focuses on the following principles:

• Develop a featured rich viable product (MVP).
• MVP lets you to experiment, test the market.
• Banks on the continuous delivery model to rollout new features.
• Banks on the viability test for different versions for different user segments.
• Metrics based actions-don’t execute without measurement.

The aforementioned simple but pragmatic lean startup principles are enabling many startups in scaling greater success. That’s what every startup visualizes!!!

Keeping in view, lean startup’s viability, advantages, startups from different domains are taking it seriously. And why not!!! Though it’s not a very old phenomenon, more and more startups are trying to draw mileage out of it.

Innovify is a professionally managed company with expertise in successfully implementing the lean startup methodology. We are passionate about what we do-help startups in realizing their business goals!!! That’s why we are one of the trusted names in the lean startup methodology.