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.

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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.

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.

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.

lean-startup

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”.

Lean Startup

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!!!