Business Process Improvement with Lean Startup

Lean startup is an approach to business development that is based on the principles of lean production, a manufacturing methodology that values a business’ ability to change quickly.A lean startup has a flat management structure and makes use of its resources in a flexible manner. Such a startup will trade long, rigid and expensive development cycles for shorter, iterative ones that focus on three phases: build, measure and learn.

Every business is a collection of processes. Those processes are broken down into primary and secondary.Primary processes create value, while secondary processes support them. Lean Startup is a process management philosophy and technique that focuses on managing and improving those processes. With the help of Lean practices, businesses are able to manage their processes better to provide a greater ROI to its investors.

Lean StartUpHow to do you think Lean benefits one’s career?

Lean benefits one’s career by making the person lively – providing them an opportunity to see things differently. A lot of times you go into an industry and its training on the job, the fact that people can walk in now and say “Why do we do this ?”, ”How are we measuring it?,” and “How do we know were making an improvement? ”The marketplace changes so rapidly in any industry – a problem solving mindset approach to business allows organizations to be lively, faster, better planners, faster change implementers, and allows them to effectively stay ahead of the competition by changing faster and learning to see challenges before they happen.

I think anyone can be successful using Lean thinking. I think it takes a certain amount of questioning. The person would have to be inquisitive. I would say that it does not necessarily need to be someone who is new and doesn’t know any better, but a person who can think that maybe there just isn’t one way to do things.

Lean Startup thinkers have to influence others to change their way of thinking and that’s not necessary in their direct line of control. There needs to be a certain amount of negotiating and a way of presenting the message in a way that the audience can hear it.

I am quite confident businesses will draw inspiration from this article. In this era of cut throat market competition, don’t start your business without a comprehensive plan. Though choice will be yours, you can’t undermine the importance of the wonderful phenomenon.

Live Life King-Size with Lean startup

I am quite sure that, the title of this blog sounds quite strange, but to be precise, for a businessman it is always a long cherished dream. Not easy for an entrepreneur to go to bed with a bliss, and sparkle in his eyes.

Reasons are obvious. Issues galore, focusing on problems, challenges, goals, future of the business is always there. This scenario multiplies in the case of first generation entrepreneurs, businessman.  And rightly so!

Typical Issues Being Faced By New Businesses

Talking about any new businesses – they encounter many challenges. Merely dream would not solve the purpose. As a new businessman, first generation businessman, you should come up with a spotless strategic plan to roll-out your dream product or service. In the case of established businesses, businessmen, story is completely different. As they come from a business environment, they bring hands on experience on the table. If you ask me it is a Game Changer. It is something that renders an edge to them. While new businesses, new businessman struggle.

There are many other challenges too, including capital, market, customer base, and competition among others.

Lead a life of a king, bank on the new phenomenon

Yes, that is true. If you are from a first generation of businessman family then don’t blindly put your money just for the sake of business. Learn the art of doing business successfully. Here I am going to highlight about the significance of a wonderful phenomenon – The Lean Startup Methodology of transforming the new businesses, companies, product, and services.

Let’s understand the key Principles of the incredible change for new companies   

  • Roll out a product with rich viability (MVP).
  • MVP lets you to experiment, test the market.
  • Focus on the continuous delivery model to execute new features.
  • Adhere to viability test.
  • Metrics based actions – no roll out without measurement.

That’s a wonderful development    

Sounds pretty cool! That is the beauty of the new phenomenon. Metrics based actions fuel the timely growth of your dream company. Leave your headache aside to successfully start a new business. Simply cash on the new age phenomenon.

Explore this emerging company at Innovify.

Got an Amazing Idea You Need Startup Incubator

Startup incubator  help developing organizations become by giving them important assets and introductory financing to extend their thoughts. In return for financing, they regularly keep a little rate of the organization. Throughout the span of a couple of months, hatcheries work with new businesses to make a plan for their organizations to present to financial specialists toward the end of the system.

Goals And Sponsors

Startup incubator   has been recognized as an issue of gathering an assortment of monetary and financial strategy needs, which may incorporate employment creation, cultivating a group’s entrepreneurial atmosphere, engineering commercialization, broadening nearby economies, building or quickening development of neighborhood industry bunches, business creation and maintenance, empowering ladies or minority enterprise, recognizing potential twist in or twist out business open doors, or group revitalization.

Beside formal coaching, the companions you’ll be working close by at startup hatcheries can give the same amount of backing. Hatcheries have an intense choice methodology, regularly filtering through a great many applications.

startup-incubator

How Innovify can help?

  • Innovify can give your company help to blast your way through startup incubation.
  •  Seed Funding to get money to develop your prototype and enter the market
  •  MVP Design lets you develop a workable prototype with minimal investment
  • Proposition Development to identify ways to improve your product and make it much more attractive to investors
  • Fundraising Help so you can use our industry contacts to get the funding to make it to the growth stage.
  • Partner Services give you help with company formation, accounting, office space, legal, hackathons, mentoring, and more.

Most common incubator services:

  •     Help with business basics
  •     Networking activities
  •     Marketing assistance
  •     High-speed Internet access
  •     Help with accounting/financial management
  •     Access to bank loans, loan funds and guarantee programs
  •     Help with presentation skills
  •     Links to higher education resources
  •     Links to strategic partners
  •     Access to angel investors or venture capital
  •     Comprehensive business training programs
  •     Advisory boards and mentors
  •     Management team identification
  •     Help with business etiquette
  •     Technology commercialization assistance
  •     Help with regulatory compliance
  •     Intellectual property management

Startups incubator   seeking early-stage funding aren’t the only companies encouraged to apply. Even companies that are already formed and have limited funding can still utilize the program to amplify their brand.

Transform Startup through Startup Accelerator Methodologies

Many of you may not be aware with this term startup accelerator; however, it’s swiftly catching the imagination of entrepreneurs, enabling them to scale up.  As an entrepreneur, who doesn’t want to be in the league of winners, successful businessmen??? But not many new companies accomplish what they set out for.

Do you know why??? Almost all of them encounter similar kind of challenges, including lack of experience in running a startup, raising fund for investment, reaching out to new customers, and creating a brand among others.

Statistics on the future of startup further adds fuel to the fire. A comprehensive research conducted by a global management school Harvard Business School brings forth alarming findings. According to that research-75% of new companies fail to sustain the market pressure. Most of them encounter similar kind of challenges.

So, what’s the Way Out???

Management gurus, business leaders are very much on the same page when it comes to throwing weight behind startup accelerator. You can’t take leeway to undermine the significance of the amazing program.

In fact it’s custom made for new businesses. Do you know why they are in existence??? Significantly, the role of this methodology is to foster the growth of new businesses, providing facilities like office premises, mentorship, and access to technology, and industry expertise among others, leading them to growth.

Startup Accelerator

The main objective of startup accelerator is to play a role of a catalyst, leading to establishment of a new business as a brand. A term seed capital or sweat stake is very much integral to this mode of mentorship.

What Does Seed Capital Mean???

The startup accelerator, playing a critical role in transforming the future of your dream new company is also integral to your new enterprise. Reason being, the moment you endorse a deal with such organization, they assume the role of a stake holder, enabling you to grow, investing seed capital.

For a finite period of time (may vary from three to four months), experts collaborate with the new enterprise, enabling it to scaleup. In lieu of the services, they become equity holder. That stake may vary from a company to company and deal to deal.

We will transform your startup

Innovify is a leading startup accelerator, helping new businesses meet their strategic goals, scaleup. Buoyed by a team of technically qualified professionals, we work in cohesion with the founders, top management of the startup, helping them in successfully achieving what they wanted to accomplish as founders.

Fuel Your Startup’s Growth with Innovify’s Startup Incubator Methodologies

Are you planning to plunge into a business???

Are you seeking a reliable growth catalyst???

Do you think, you require a mentor to give shape to your dreams???

If your answer to these pertinent questions is yes, then it’s high time to get into the fold of a reliable startup incubator with proven hands-on experience, enabling new businesses to scaleup.

Shocking Statistics, You Can’t Undermine

Before you make up your mind to commence your new company, look into the alarming statistics pertaining to the scope of new businesses. A comprehensive research conducted by a globally famous business school Harvard Business School reads that about 75% of the new businesses crash fails to exist owing to cut throat market competition.

Startup Incubator

Let’s Focus On Some More Interesting Statistics

According to an exclusive research carried out by a leading organization, 3 out of 5 new businesses fail to face the market competition within their first 5 years of existence, leading to closure of the new business.  On the other hand, 4 out of 5 new businesses that leverage startup incubator program went on to become successful within the first five years. This figure clearly reflects the significance of the startup incubator.

Explore The Astonishing Innovify

Your search for a reliable partner with rich experience in mentoring startup ends @ Innovify. We are a leading startup incubator, having supported many new enterprises in accomplishing their strategic goals.

Our sole, one point agenda is to enable new businesses grow, providing them with the requisite operational support, financial, and technical services among others.

Services

Combining brilliant experience of our team onboard and state-of-the-art infrastructure, we are offering the following services:

  • Provide support in accounting/ financial management assistance
  • Guide in accumulating capital, bank loans
  • Provide support in developing relevant document
  • Support in creating a board of directors
  • Support in sales and marketing
  • Support in nurturing business etiquette
  • Support in exploring collaboration
  • Sharing comprehensive training
  • Help in exploring mentors
  • Provide assistance in business basics
  • Help in exploring networking opportunities
  • Support in with regulatory compliance
  • Provide support in intellectual property management and legal counsel

What else do you expect from your reliable partner!!! We can go to any extent to ensure the success of your dream business. Mutually we will work in cohesion. Right from the first step till the full-fledged commissioning, we will remain integral to your new enterprise, leading it to growth. That’s what you as a businessman expect from your business partner, mentor.

Uniqueness of Lean Startup

While starting your own startup, your first and foremost responsibility is to make it viable, overcoming a wide spectrum market’s survival challenges. Challenges could vary from startup to startup. However, more or less, almost all the startups encounter identical kind of challenges.

lean startup

As a businessman your dream is to keep your pet startup floated come what may. Though you know it’s not that simple. At every step, you have to face one problem or the other to keep your pet venture floating. At the same time, you want to ensure smooth running of your pet startup, overcoming all the hurdles.

As a research scholar who is regularly delving into the mechanism of startups, writing on startup wasn’t a challenge. However, I don’t want to receive any backlash, writing an immature recommendation.  I am quite confident, readers will benefit from my advice.

Challenges being faced by startups

  • Competition.
  • Lack of capital.
  • Lack of sponsors.
  • No history to back.
  • Planning constraint.
  • Lack of knowledge about the market.

Now the question arises-how startups can overcome these challenges.

Unique lean startup to push your startup towards sustainability

There are many theories and concepts, defining the mantra of success for startups. Lean startup is one of the most feasible, reliable and affordable mechanism, enabling startups in scaling up. Let’s make efforts to comprehend what in fact that mechanism is which is taking everybody by a storm.

Experts have defined the new age phenomenon as a mechanism to develop business focusing on the principles of lean production. It’s a mechanism that highlights on the ability to adapt, change quickly.

Lean startup is an approach to business development that is based on the principles of lean production, a manufacturing methodology that values a business’ ability to change quickly. That’s what matters in business. If your startup is facing issues in introducing a customer grabbing product or service, it’s high time for you to redefine it, remodel it, and reintroduce it. That’s what the new age phenomenon talks about. Interesting thing about this phenomenon is it works on three core principles-Build, Measure, and Learn.

We bring in substantial experience in lean startup implementation

At Innovify we bring in substantial experience on the table in the successfully implementation of the lean startup methodology. Backed by the expertise of our team members, we are enabling startups in running them profitably.

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.

lean startup

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.