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Entrepreneurship Fundamentals
Lean Startup Methodology
1. Foundations of the Lean Startup
2. The Build-Measure-Learn Feedback Loop
3. Core Strategic Concepts
4. Implementation and Scaling
5. Critiques and Common Misconceptions
Critiques and Common Misconceptions
Misinterpreting the MVP
Minimum vs. Viable
The Risk of Low-Quality Products
Customer Perception of MVPs
Quality Standards
Lean Startup vs. Traditional Business Plans
Differences in Approach
Planning vs. Learning
Advantages and Disadvantages
Hybrid Approaches
The Role of Vision and Long-Term Strategy
Balancing Short-Term Learning with Long-Term Goals
Avoiding Short-Sightedness
Strategic Patience
Limitations in Certain Industries
Applicability to Hardware Startups
Regulatory and Compliance Challenges
Capital-Intensive Industries
Suitability for B2B vs. B2C
The Just Do It Fallacy
Misconceptions About Experimentation
Importance of Hypothesis-Driven Action
Structured vs. Random Testing
Other Common Pitfalls
Over-Reliance on Data
Ignoring Qualitative Insights
Misapplying Lean Startup Concepts
Analysis Paralysis
Premature Scaling
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4. Implementation and Scaling
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1. Foundations of the Lean Startup