Does Lean Startup Work for Bootstrappers?

Episode 145 | Does Lean Startup Work for Bootstrappers?
Date: 2013-08-13
Link: Startups For the Rest of Us
 
All new products and services have uncertainty.
Make sure you’re making the right measurements. Don’t make assumptions. Use hard data to make the decisions that will move you forward.
Find out what works and what doesn’t before you start throwing resources at it.
The minimum viable product can be just a single feature.
Typical accounting metrics often don’t work with startups.
Avoid vanity metrics.
Pivot or persevere.
Everybody should be doing split testing whether you are doing a lean startup or not.
The rate of change is very important when you’re talking about actionability.