Business: Lean Startup or Traditional Startup?

Question

This contrasts a startup approach focused on rapid testing, learning, and iteration with minimal resources (lean startup) versus a more structured, long-term business plan and larger initial investment (traditional startup).

which will guarantee in the long run?

Simon🍋 · Accepted Answer

Lean Startup all the way. Faster iteration, less waste. You'll never know if something works unless you try it yourself and give it a fair chance. If it doesn't work, switch to another idea. Successful startups have early user traction - you'll feel right away if the idea's good or not.

Answer

Both approaches have their merits! A Lean Startup allows for rapid experimentation and adaptability, which is ideal for environments with high uncertainty. It helps in minimizing waste and learning fast from real users. On the other hand, a Traditional Startup may suit industries that require heavy initial investment and a more structured business plan. Ultimately, the choice depends on your market, goals, and risk tolerance.

Tuhin Bhuyan · Answer

When society was not evolving at a fast pace, businesses made 5-year and 10-year plans. As the world started to change at a faster rate, it became necessary to shorten the feedback loop of product iteration in order to be in sync with market needs.

imho in order to build something of value in today's time, being lean is of utmost important so that you can adapt with the ever changing world.

Business: Lean Startup or Traditional Startup?

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