Lean Business Model

By: A Staff Writer

Updated on: Sep 03, 2024

Efficiency is Your Superpower

The lean model helps small businesses compete with giants. Here’s how…

• Customer Validation First: Build what people actually WANT, not what you assume they need.
• Eliminate Waste: Ruthlessly cut activities that don’t directly add value for the customer.
• MVP Mindset: Launch early, iterate often based on real user feedback (Minimum Viable Product).
• Metrics Measure Progress: Track what matters, pivot fast when something isn’t working.
• Rapid Experimentation: Fail fast, learn faster is the key to innovation and outpacing competitors.
• Customer Feedback Loop: Stay in constant communication with your customers to evolve alongside their needs.

The lean model fosters efficiency, agility, and laser-focus on customer value.