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Experiment frequently to test assumptions from "summary" of The Lean Startup by Eric Ries
The core of the Lean Startup methodology is the idea that startups exist to learn how to build a sustainable business. This learning can be validated scientifically by running experiments that test the assumptions behind a company's vision. The goal of these experiments is to minimize the time it takes to get through the Build-Measure-Learn feedback loop. To achieve this goal, it is essential to conduct these experiments frequently. By doing so, startups can quickly gather data that will help them learn and iterate on their ideas. This rapid experimentation allows them to test their assumptions in a controlled environment and make informed decisions based on the results. It is important to note that not all experiments will yield positive results. In fact, many will fail. However, failure is not necessarily a bad thing. It is an opportunity to learn and adjust course accordingly. By embracing failure as a natural part of the learning process, startups can avoid wasting time and resources on ideas that are not viable.- Startups can uncover valuable insights that will inform their product development and business strategy. This iterative process of learning and adapting is what ultimately leads to the creation of a successful and sustainable business. In the fast-paced world of startups, the ability to experiment frequently is a crucial skill that can mean the difference between success and failure.
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