oter

Pivot when necessary from "summary" of The Lean Entrepreneur by Brant Cooper,Patrick Vlaskovits

Pivoting is a fundamental concept in the Lean Startup methodology. It essentially means changing direction in response to feedback received during the experimentation phase of a startup. The goal is to discover a sustainable business model that creates value for customers and generates revenue for the company. Pivoting is not a sign of failure, but rather a strategic move to adapt to changing market conditions and customer needs. There are different types of pivots that a startup can make. A zoom-in pivot involves focusing on a specific feature or customer segment that shows promise, while a zoom-out pivot involves expandin...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Implementing effective time management strategies is crucial for startup founders
    Implementing effective time management strategies is crucial for startup founders
    Startup founders face a myriad of challenges as they navigate the murky waters of entrepreneurship. One of the most critical ch...
    Stay humble and open to feedback and constructive criticism
    Stay humble and open to feedback and constructive criticism
    The path to success is not a straight line. It's a winding road filled with ups and downs, twists and turns. Along the way, you...
    Collaboration leads to greater success than competition
    Collaboration leads to greater success than competition
    One of the key principles that underpins high performance in business is the idea that collaboration is more effective than com...
    Foster a shared purpose for unity
    Foster a shared purpose for unity
    To achieve unity within a team or organization, it is essential to foster a shared purpose that everyone can rally around. This...
    Invest in yourself and your education
    Invest in yourself and your education
    The key to getting rich is to invest in yourself and your education. This means constantly learning and improving your skills, ...
    Develop strong leadership skills to inspire and motivate team members
    Develop strong leadership skills to inspire and motivate team members
    To achieve success in business, it is essential to possess strong leadership skills that can inspire and motivate team members....
    Empower your employees to make decisions
    Empower your employees to make decisions
    To truly scale up your business, you must empower your employees to make decisions. This means giving them the authority and au...
    Build a culture of accountability and responsibility within your team
    Build a culture of accountability and responsibility within your team
    To build a culture of accountability and responsibility within your team, you must start with yourself. As the leader, you set ...
    Cultivate a mindset of abundance
    Cultivate a mindset of abundance
    Having an abundance mindset is crucial for your success. It means believing that there are endless opportunities available to y...
    Define clear objectives and key results
    Define clear objectives and key results
    Defining clear objectives and key results is crucial for any organization looking to escape the build trap. This concept involv...
    oter

    The Lean Entrepreneur

    Brant Cooper

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.