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What Is The Lean Startup Methodology By Eric Ries Video

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For more on the lean startup methodology by Eric Ries and how to start your business: http://www.glowingstart.com

In this tutorial I discuss what is the lean startup methodology. I explain who is Eric Ries, and why he created the lean startup methodology. If you have watched my videos before you might have seen my video on Steve Blank. Eric Ries is one of Steve Blank's students.

The lean startup methodology is a fantastic guide for starting your business or startup. It helps you decrease risk, and iterate on your product faster in order to more quickly identify what your customers will love.

The lean startup methodology works by initially putting out a very small version of your product and putting that initial version of your product into the hands of your customers. Once you have done that, you must observe how your customers use the product, what they like about it and what they don't like about it. Once you identify the weaknesses of your product, you must quickly fix the weaknesses of your product and release the next and improved version of your product out into the market. Once the next version of your product is out into the market you must once again gather feedback, understand where your product might be weak, and fix that about your product. And you must repeat that cycle for the duration of your business, continuously working to create a better and better product.

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