The World's Best Book Summaries
You know that in Lean Startup, you should be avoiding Vanity Metrics. These tell you less useful facts about your business and can be a misleading sign of progress. Instead, look at real metrics with cohort analysis. But what is cohort analysis, and how do you do it?
When you face a problem, how do you figure out what the root cause was? How do you learn what the right problem to tackle is? The solution is the Five Whys: keep asking Why until you find the problem. But how do you do it correctly, and what pitfalls are there in the 5 Whys Analysis? Learn from this Lean Startup guide.
So you want to answer your key hypothesis about your product or company. How do you get the right data? Through split testing or A/B testing. Learn the key principles of Split Testing from Lean Startup here.
In Lean Startup, Eric Ries supports decreasing your batch size. Don’t overinvest in huge feature releases. Release less and more often, and you’ll learn faster.
The final substantive chapter of Lean Startup discusses innovation in a large company and internal startups, in the form of an innovation sandbox. If growth is your goal and you achieve it, you’ll keep growing your startup to 10, 100, 1,000 people. How do you keep innovating to grow new lines of business while keeping existing products competitive? How do you prevent yourself from being bogged down by process?
What was Snaptax? How did it help file your taxes? What happened to Snaptax today?
You’ve heard about startups building new products and services to change the world. But what, exactly, is a startup? And who are startup founders? Learn the proper definition of startup here – it’s not what you might think.
What is a landing page MVP? How do you build one, and how do you use it to test your key lean startup assumptions? Learn all about landing page MVP’s here, directly from the pages of Lean Startup, with modern advice included.
Who, exactly, is an entrepreneur? Entrepreneurs aren’t just startup founders working out of apartments. Entrepreneurs can also be general managers in large companies charged with creating new ventures or new product lines.
In a lean startup, how do you figure out if you’re actually making progress? It’s with innovation accounting. Learn the principles of innovation accounting here, along with examples.