Use experiments to test hypotheses from "summary" of The Lean Entrepreneur by Brant Cooper,Patrick Vlaskovits
Experimentation is the key to unlocking the potential of your business hypotheses. Instead of relying on assumptions or gut feelings, entrepreneurs must put their ideas to the test through systematic experiments. This allows them to gather real-world data and feedback to validate or invalidate their assumptions. By using experiments to test hypotheses, entrepreneurs can make informed decisions based on evidence rather than guesswork.
The process of experimentation involves creating a hypothesis, designing an experiment to test that hypothesis, collecting data, analyzing the results, and drawing conclusions. This iterative process allows entrepreneurs to learn quickly and adapt their strategies based on new information. It is essential to approach experimentation with an open mind and a willingness to pivot based on the r...
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