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Lean Startup Crash Course

PAFI May 22 Research and Customer Development: Birmingham

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Page 1: PAFI May 22 Research and Customer Development: Birmingham

Lean Startup Crash Course

Page 2: PAFI May 22 Research and Customer Development: Birmingham

What is a startup?

Page 3: PAFI May 22 Research and Customer Development: Birmingham

Build it and they will come?

Start coding

Launch product

Get dumped

Go viralEtc

Page 4: PAFI May 22 Research and Customer Development: Birmingham
Page 5: PAFI May 22 Research and Customer Development: Birmingham

A startup is a temporary state

Search Execute

Startups do this Companies do this

Page 6: PAFI May 22 Research and Customer Development: Birmingham

Lean is this

Page 7: PAFI May 22 Research and Customer Development: Birmingham

What we do in a lean startup

The true product of an entrepreneur is not the solution, but a working business model.

The real job of an entrepreneur is to systematically de-risk that business model

over time.Ash Maurya / Spark59

Page 8: PAFI May 22 Research and Customer Development: Birmingham

Validated learning

Build Measure

Learn

Product

DataIdeas

Page 9: PAFI May 22 Research and Customer Development: Birmingham

Validated learning

Build Measure

Learn

Product

DataIdeas

“Startups that succeed are those that iterate enough times before running out

of resources” Eric Ries

Page 10: PAFI May 22 Research and Customer Development: Birmingham

Balancing intuition and evidence

Page 11: PAFI May 22 Research and Customer Development: Birmingham

Lean Canvas

A model that you can change everyday while you search for a business.

Ash Maurya and Alex Osterwalder

Page 12: PAFI May 22 Research and Customer Development: Birmingham

Business Plans

“No campaign plan survives first contact with the enemy.” Field Marshall Helmuth Graf von Moltke

Page 13: PAFI May 22 Research and Customer Development: Birmingham
Page 14: PAFI May 22 Research and Customer Development: Birmingham

Introduction to lean canvas

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Product on the left

Product

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Market on the right

Market

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1. Problem

1

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2. Customer

2

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3. Unique Value Proposition

3

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4. Solution

4

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5. Channels

5

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6. Revenue

6

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7. Costs

7

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8. Metrics

8

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9. Unfair Advantage

9

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Lean canvas walkthrough

Part 1 / Problem Solution Fit

Page 27: PAFI May 22 Research and Customer Development: Birmingham

Lean canvas walkthrough

Part 2 / Product Market Fit