This document discusses product validation using the Lean Startup methodology. It explains that the Lean approach involves a temporary team searching for a scalable, repeatable and profitable business model called a startup. The Lean approach focuses on clarifying uncertainty through testing ideas and iterating quickly. It describes validating problems by testing hypotheses with customers and pivoting or persevering based on results. It also covers designing minimum viable products, validating solutions through methods like pitching and concierge, and collecting customer feedback to determine if the success criterion is met. The overall goal is to reach product-market fit through repeated experimentation and learning.
2. What is a product
A VALUE (solution) designed, build and
delivered to satisfy a CUSTOMER NEED
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3. What is a product
A VALUE (solution) designed, build and
delivered to satisfy a CUSTOMER NEED
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All crafted in a well defined
scalable, repeatable, profitable
Business Model
28. Problem validation
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1. Select customer segment
2. Define a problem hypothesis
3. Define the riskiest assumptions
4. Set the your success criterion
5. Get out and test it
29. After your experiment ..
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1) If you have not get enough confidence
with your result, then
iterate
and redo the experiment utilizing
the knowledge you got
30. After your experiment ..
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2) If you invalidate your riskiest assumption, then
pivot
and redefine your customer segment and your
problem hypothesis
31. After your experiment ..
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3) If you validate your riskiest assumption, then
persevere
and start validating the solution !
32. Solution design
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Think big but start small
Design your MVP (minimum viable product)
with one feature
Get inspired with the current alternatives
& hacks your customers use
33. Solution validation
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1. Define a solution hypothesis
2. Define the riskiest assumptions
3. Set the your success criterion
4. Get out and collect CURRENCY!