1. Lean Startup Approach

The Lean Startup Approach is a method for developing products efficiently and effectively. It encourages startups to build a simple version of their product, known as a Minimum Viable Product (MVP), and then test it with real customers. By gathering feedback quickly, entrepreneurs can learn what works and what doesn’t, allowing them to make informed adjustments. This iterative process minimizes waste, reduces risks, and increases the chances of creating a product that meets customer needs. Ultimately, the Lean Startup Approach emphasizes flexibility and learning over extensive upfront planning.