The book “The Lean Startup by Eric Ries” was with me if I recall properly for the last four years and finally, I have completed it. It just blows out my mind the way the author Eric Ries has presented the “Build, Measure, Learn” the key principle of Lean Startup Methodology. Love it.

Must-read book for all whoever is working as an employee or you are doing your own business.

I am summarizing 5 principles of Lean Startup methodology.

Five principles of the lean startup methodology

• Entrepreneurs are everywhere
• Entrepreneurship is a management
• Validated learning
• Innovation accounting
• Build, measure, learn

Over to you to read out and get amazed by the methods to follow to get improve and keep learning

Minimum Viable Product (MVP)

Another, the idea of Minimum Viable Product (MVP). I am doing it for the last 3 years in my professional role, where we use to develop and prototype a lot of innovative ideas for different customers with the use of Emerging Technologies.

MVP has helped us to achieve more in less time and show the basic concept of the solution to customers and we relate to the Lean Startup methodology this is an essential component that represents a prototype of future service or product with a minimum amount of effort and time. The key point is MVP should have key characteristics of a future product, and it is created with the aim to receive feedback from the end-users/customers, as well as to make quick relevant adjustments to the MVP.

Another important point to consider that just creating a minimum viable product (MVP) won’t be enough to enter the build–measure–learn cycle. You need to find ways to reach early adopters and potential customers and present them with your MVP so that you can get the feedback and according to the feedback, you must align the product/service.