2. Prediction is no longer an
option.
75%of all start-ups fail.
The people are your key
to success.
OUT WITH THE OLD…

3. “Experimentation over
elaborate planning,
customer feedback
over intuition, and
iterative design over
traditional “big
design up front”
development.”
IN WITH THE NEW…

4. THE BUSINESS MODEL CANVAS

5. THE IDEA
• Test your hypotheses
• Gather information
• Collect customer feedback
• Show “minimum viable products” to prospective buyers.
“Over time, lean start-up techniques could reduce the failure rate of
new ventures and create a new, more entrepreneurial economy.”

6. BUSINESS PLAN VS LEAN START-UP
B U S I N E S S P L A N
5 year forecast for income,
profits, and cash flow.
• Business plans rarely
survive first contact with
customers.
• No one requires a five
year plan to forecast the
unknowns.
• Start-ups are not smaller
versions of large
companies.
L E A N S T A R T - U P
While existing companies execute a
business model, start-ups look
for one.
• Founders summarize their
hypotheses in a framework
called a business model canvas.
• “Get out of the building”
approach. (Customer
development)
• Agile Development eliminates
wasted time and resources by
developing the product iteratively
and incrementally.

7. BUSINESS IS BOOMING
• The lean start-up method is now being taught at more than 25
universities and through a popular online course at Udacity.com.
• There are multiple organizations around the world that introduce the
Start-Up methodology and cycle through half a dozen product ideas in a
few hours.
- Interestingly enough, it is known that businesses have been
formed through these events and are already making revenue by the
end of the week.
“Success is predicated on too many factors for one methodology to
guarantee that any single start-up will be a winner.”

8. Large companies, such
as GE and Intuit,
have begun to
implement this new
method.
LEAN START-UP IS NOT JUST FOR THE LITTLE GUYS

9. SHAPING THE FUTURE
With the new methodology being introduced, we are able to solve
a majority of the economies crisis’:
• More job opportunities.
• Decreased debt among businesses and people.
• Technology that we actually need.