Presentation used for my talk at Agile NCR

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Starting your
business in a lean
way
Saket Bansal
iZenBridge Consultancy Private Limited

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About Me

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I And Startup

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Entrepreneurship
• Entrepreneurship is about taking risk.
• Three types of uncertainty.
• Risk
• Ambiguity
• True Uncertainty
• Source: Frank H. Knight and Peter Drucker

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Startup
• "A startup is a human
institution designed to
create a new product or
service under conditions of
extreme uncertainty. " –
Lean Startup

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What Lean Has To Do ?
• It helps us learn to see
waste and remove it
systematically

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Do You Have A Business Idea ?

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I Always Had Many…

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Most Startup Fail

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Why?

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Failed Startup Typically Follows
• Start with a Plan
• The plan does not work
• Throw it away and follow JUST DO IT…
• For majority nothing works, It’s time to accept defeat

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Do We Have A Solution?

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Do Not Think Like A Stable State

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Surviving Without Innovation Is Difficult

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The Cynefin Framework
Source: http://en.wikipedia.org/wiki/Cynefin

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Lean Startups

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Build – Measure - Learn
Ideas
Build
Product
Measure
Data
Learn

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Building MVP

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Validating Hypothesis
• Value Hypothesis
• Growth hypothesis

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Measure

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Funnel Visualization
Buy
YouTube
Forum
Webinar

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Learn
• Pivot or persevere
• Pivots Require Courage
• We have done
• Customer Segment Pivot
• Customer Need Pivot
• We are still struggling
• Engine of growth
• Channel Pivot

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My Lean Startup Principles …
• Keeps small batch size
• Inspect and Adapt
• Focus on Innovation
• Value over growth
• Courage to Pivot
• Bring Processes
• Involve Colleagues in Decision Making
• Embrace ambiguity and uncertainty
• Keep WIP in Limits
• Optimize the Whole

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Stay Connected
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@Saket_tg
+Saket.Bansal
http://www.linkedin.com/in/saketbansal