Let’s face it. Running a startup is risky, and sometimes, in the sequence of day-to-day events you’re likely to suffer from a fatal setback. In fact, according to one of Forbes study, 9 out every 10 startup fail globally. And the main reason? – The same old process of starting a business. Generally, most people come up with an idea, write its business plan, pitch it to different investors or bootstrap it themselves, launch the product, and start selling it as hard as possible.
Those who follow this process, make the false assumption that the right way to start a business is to start building the product as soon as the idea hits under the impression that once it is launched, customers will automatically stand in line to buy it. In reality, that’s nowhere near the truth. In fact, most of the initial assumptions rarely survive. But, what if we tell you that the success of all your ideas can be ensured beforehand? Though it may sound dreamy and hard to believe, but it is surely possible with the Lean startup approach. Original source: Everything you need to know about the lean startup
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Shahid Mansuri co-founded Peerbits, one of the leading mobile app development company, in 2011. His visionary leadership and flamboyant management style have yield fruitful results for the company. Archives
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