Helpful Links

Here you can find some useful links & material taken from Eric Rise, Steve Blank & wikipedia websites.

ERIC RIES   - Is the Silicon valley entrepreneur, and author recognized for pioneering the Lean Startup movement, a new-business strategy which directs startup companies to allocate their resources as efficiently as possible. 

STEVE BLANK  - is also a  Silicon Valley-based retired serial entrepreneur, founding and/or part of 8 startup companies in California’s silicon valley. A prolific educator, thought leader and writer on Customer Development for Startups, Blank teaches, refines, writes and blogs on “Customer Development,” a rigorous methodology he developed to bring the “scientific method” to the typically chaotic, seemingly disorganized startup process.

BUSINESS IDEA  - It is a concept which can be used for commercial purposes. It typically centers around a service that can be sold for money, according to a unique model. There are several methods for developing and testing a business idea. The ability to come up with a business idea can be transformed into a viable business, where ideas supported by feasibility and a business plan can then be sold to interested investors, firms, and interested parties for a lump sum or a management contract, or as agreed. Business ideas, if introduced at the right time, when demand for such service or a product introduced by the idea is expected to surge, can lead to a very profitable business.

BUSINESS MODEL  -  It’s simply the nuts and bolts of how a business plans to generate revenue and profits. It details your long-term strategy and day-to-day operations.The challenges differ from industry to industry, but here are seven basic components of a business model:
  • Reaching customers
  • Differentiating your product
  • Pricing
  • Selling
  • Delivery/Distribution
  • Supporting Customer
  • Achieving Customer Satisfaction

PIVOTING  -  Changing the vision is a hard thing to do, and should not be undertaken lightly. Some startups avoid getting customer feedback for precisely this reason: they are afraid that if early reactions are negative, they'll be "forced" to abandon their vision. That's not the goal of a lean startup. We collect feedback for one reason only: to find out whether our vision is compatible with reality or is a delusion.