2015
Lean Startup Scaleup Your Lean Startup Leveraging Innovify At Innovify, we are driven by our vision to enable lean startup companies realize their strategic growth, full potential.
INNOVIFY 01/01/2015
Lean Startup Unique lean startup to lift your startup
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hile starting your own startup, your first and foremost responsibility is to make it viable, overcoming a wide spectrum market’s survival challenges. Challenges could vary from startup to startup. However, more or less, almost all the startups encounter identical kind of challenges. As a businessman your dream is to keep your pet startup floated come what may. Though you know it’s not that simple. At every step, you have to face one problem or the other to keep your pet venture floating. At the same time, you want to ensure smooth running of your pet startup, overcoming all the hurdles. As a research scholar who is regularly delving into the mechanism of startups, writing on startup wasn’t a challenge. However, I don’t want to receive any backlash, writing an immature recommendation. I am quite confident, readers will benefit from my advice.
Challenges being faced by startups
Competition. Lack of capital. Lack of sponsors. No history to back. Planning constraint. Lack of knowledge about the market.
Now the question arises-how startups can overcome these challenges.
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Lean Startup
Unique lean startup to push your startup towards sustainability
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here are many theories and concepts, defining the mantra of success for startups. Lean startup is one of the most feasible, reliable and affordable mechanism, enabling startups in scaling up. Let’s make efforts to comprehend what in fact that mechanism is which is taking everybody by a storm. Experts have defined the new age phenomenon as a mechanism to develop business focusing on the principles of lean production. It’s a mechanism that highlights on the ability to adapt, change quickly. Lean startup is an approach to business development that is based on the principles of lean production, a manufacturing methodology that values a business' ability to change quickly. That’s what matters in business. If your startup is facing issues in introducing a customer grabbing product or service, it’s high time for you to redefine it, remodel it, and reintroduce it. That’s what the new age phenomenon talks about. Interesting thing about this phenomenon is it works on three core principles-Build, Measure, and Learn. Leverage the lean startup principles The lean startup movement has taken the startups by storm, enabling them is scaling up. That’s true!!! In fact, every startup, be it a manufacturing company or a service provider desires to swiftly move beyond the breakeven point. Unless you overpower breakeven point, you can’t visualize success. Nobody wants that to happen. The lean startup principles The emergence of lean startup is a huge blessing in disguise for the startups, enabling them in accomplishing their entrepreneurial objectives. Is lean startup system really paying dividend or just a creation of a rumor mill???
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Lean Startup Lean startup lays emphasis on couple of interesting things. Focus on this tiny but significant statement, capturing the essence of lean startup-“Be innovative. Don’t waste your and people’s time. Focus on results and be more successful”. Well one thing is for sure-lean startup methodology hasn’t emerged overnight-its elements, theories, process are a result of deep research and development. Subsequently that helped in the evolution of principles of lean startup. Broadly the lean startup methodology is divided into three key principles:
Deploy resources stringently. Get customer feedback at the earliest. Keep modifying your product or service as quickly.
Research proves a point Research proves-entrepreneurs who implement a vision document grow 30 percent faster in comparison to those entrepreneurs who don’t execute a vision document. This proves a point!!! Strategies which are not working in favor of your organization should be scrapped the moment they are identified, diagnosed. No strategy is “tailor-made” or can’t be tweaked here and there to suit your requirement!!!
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Lean Startup “Checks and balances” “Checks and balances” is a very important strategy as a startup you can implement. Lean startup methodology has been effective, fueling growth of many startups from across the globe. As the process is agile, you can plug the challenges as and when they are noticed. Blending your vision document with lean startup, you are in fact formulating your own business strategy. That has the agility to counter market challenges. Let’s understand this safe phenomenon with a more rational instance. When we are heading towards a shopping mall for a weekend shopping, our two wheeler might develop a technical snag in its engine. What should we do now??? Should we abandon the two wheeler there??? Should we keep on driving a mechanically defected scooter??? Or should we plug the deficiency before they change from worse to worst. The ideal scenario is- we should plug the deficiency before they change from worse to worst. We bring in substantial experience in lean startup implementation The lean startup methodology is swiftly impacting new as well as established organizations, enabling them reap fruit of their hard-work in stiff market competition. Combining the expertise of our lean startup professionals and state-of-the-art infrastructure, we are delivering lean startup solutions, enabling startups in scaling their business goals. A team of dedicated lean startup executives work in unison to deliver solutions to enterprises irrespective of their domain, matching global standards. That’s why within a short span of time, Innovify has created a niche in the business world!!! At Innovify we bring in substantial experience on the table in the successfully implementation of the lean startup methodology. Backed by the expertise of our team members, we are enabling startups in running them profitably. At Innovify, we are professionally qualified to enable startup execute lean startup methodology successfully. A dedicated team with expertise in executing lean startup mechanism is helping emerging startups realize their strategic goals.
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Lean Startup Leverage lean startup machine In this era of cut throat competition, becoming a successful businessman is not a cakewalk. You need to pull things galore, before scaling up as a businessman. Weaving ideas eating wafers, lying on the couch wouldn’t take you anywhere. Somewhere you need to take the decision if you are hell bent on donning the cap of a businessman, it’s high time, you take the right decision, decision, which could be a game changer for you, your business, your family, your future… Board the cradle of lean startup machine Well, there are way too many options for those who want to make it big in business. One of the best, reliable ways is – lean startup machine. You may be thinking – what does it refer??? How it can make the difference in the lives of startups, new companies, and organizations among others.
Let me raise the curtain – it’s a splendid phenomenon evolved after a rigorous research, and development on the management, operation, functioning of new companies, startups… Elaborating more on the historic methodology, I would say – the methodology is amazing as it addresses a gamut of issues, challenges being encountered by new companies or startups. Scaleup leveraging the lean startup machine Talking about how such wonderful entities help startups-in fact these specialized entities conduct workshops wherein participants are imparted training on lean production, an important instrument of this theory. Three core principles define its flow – build, measure, and learn. During that workshop – participants learn the skills, art required as a businessman to identify, eliminate various challenges being faced while evolving as a businessman. That signifies the importance of the lean startup machine.
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Lean Startup Bank on Innovify If you have made up your mind to plunge into the world of business then here is a lean startup machine, Innovify to add wings to your dreams, enabling you to blossom as a businessman. An expert team with hands-on experience onboard the company is changing the fortune of new companies, organizations, entrepreneurs, and institutes among others. Further, if you have a brilliant idea, plan that needs the support of lean startup machine then do bank on their expertise. Who knows you could be the next big thing in your family.
How to contact Contact Innovify through: Don’t tread on the path of business like a traditional businessman if you want to set precedence for your peer group, kin, and family members. Hire the expertise of Innovify as a lean startup machine and experience the change in your life. Official e-mail ID: india@innovify.com, URL: www.innovify.com, Contact Us: http://www.innovify.com/contact-us/ More Information : www.innovify.com/lean-startup
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