5 mistakes SA entrepreneurs should avoid when going lean

The lean startup has changed the way new companies are being launched. It is a methodology that has been used by the likes of Dropbox, Airbnb and Uber. SpaceX and Google have used it to disrupt industries and large companies like Intuit and General Electric have adopted the approach to get new products to market faster with higher success rates.

In addition, a number of studies have shown that it is one of the best ways to improve a new businesses odds of success. For example, research done by the Startup Genome project showed high growth companies that apply lean startup have been shown to grow 20 times faster than those that don’t. Another study done by the National Science Foundation in the US found companies that apply lean are 300% more likely to raise funding.

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