The magical word in lean start-up entrepreneurship is product/market fit. When starting a new company, you may have the most competent people, the best management in the world, enough capital, the best business plan, the right market trend etc., but if you don’t have the product/market fit, none of the things listed above can really help you. Product/market fit means that you have the right product for the right market. It means that you are solving a problem that people are willing to pay for, or that you are satisfying a certain segment of customers with a very specific need.
Author: Blaz Kos
The core basis of the lean production system and the lean startup philosophy is the mindset of continuous improvement. It’s the only way to achieve the long term company goal. Continuous improvement refers to constant improvements of products, processes and services over time, with the goal of improving product performance, customer service and workplace productivity. You have to be aware that there is always room for improvement, there is always a way to do it better. In business, constant improvement especially refers to focusing on activities that add value, and reducing everything else (the so called waste). Value added activities
I was inspired by Jason Fried’s TED talk explaining why work doesn’t happen at work. The main reason are constant interruptions – M&Ms, where M&M stands for meetings and managers. At the office, people are constantly interrupting you, be it in person, via phone, e-mail etc. With all the interruptions, the working day ends before you know it, with you having zero productive hours. Sadly not a lot people have the luxury of having several hours of uninterrupted time at the office. That’s why people don’t do real work in their office. The real work is usually done in the
The importance of visual elements Let’s start with the importance of visual elements in our lives. People are visual beings. There is more information for our brain to capture in a one single picture than on dozens of pages of text; in addition we can process pictures much faster than words. Brain neurons for our visual perception account for 30 % of brain’s grey matter, compared to only 8 % for hearing neurons and 3 % for touch comprehension. In reality, our brains find it quite complicated to read a text. They first have to decode it letter by letter,
It’s time to get very dirty. Let’s talk about waste – the groundwork we have to lay and understand if we want to start living an abundant agile and lean life. We all intuitively know very well that waste is not something good, neither in business nor in our personal lives. We can define waste very simply: as something unwanted, poor or bad, something that doesn’t bring anything good, usually appearing after a specific process has been completed. In slang, a waste is also a person who has done nothing with their life, ironically more or less due to being