What are the Major Principles of a Lean Startup?

Lean startup is the process of managing and creating startups where the company is able to produce faster what its customers want.

The following are the major principles of a lean startup: – Entrepreneurs are everywhere – Entrepreneurship is management – Validated learning – Innovation accounting – Build-measure-learn

Stages of the lean startup model: 1. Business model canvas 2. Hypothesis formulation 3. Minimum Viable Product 4. Learning

Basically, in a lean startup, you create a basic version of the product and launch it to take customer feedback. Hence, you make the necessary changes in the updated version.