Lean Startups basically is a method, which follows more analytical approach towards creating a startup. It also aims in speeding up the process of delivering their product or service to the customer with their feedbacks on improvement.

Lean Startup is a method used by a group of small highly-enthusiastic people capable of starting their own startup on very tight finances. The method follows a process of Analyzing, Building, measuring and learning. This procedure will help anyone planning to initiate their own startup in better understanding of the requirements of customers and implementation accordingly.

The process of Lean Startup was proposed by Eric Reiss in 2011 to help guide budding startups. The objective of Lean startup is to know about the elimination of uncertain development of product that can cause failure in future.

This enables the team to make new decisions about how the product should be developed in the early stages of startup. This will help in deciding the core feature focused while marketing. Thus this creates more sensible approach towards setting up a decent business model.

Points required for creating a Lean Startup:

• Start building a right team
• Focus on Minimum Visible Products(MVP)
• Work in well-mannered batches
• Get feedback from customers and then use it as an improvement

Lean Startup method fundamentally counsels and cautions the team about an unseen avoidable unwanted scenario in early stages itself. A wide range of decision making programs also help in time management virtue of startup.

Takeaways:

• A lean startup is methodology where the developing businesses and product are considered to be important.
• Lean startup helps to construct the whole idea into more resourceful company