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The Lean Startup Methodology

The Lean Startup methodology is a business approach that focuses on efficiently developing products by using customer feedback and iterative design. It emphasizes creating a Minimum Viable Product (MVP) to test ideas quickly in the market. Startups gather real user data to understand what works and what doesn’t, allowing them to pivot or adjust their strategies based on insights. This process aims to reduce waste and increase the chances of success by aligning product development closely with customer needs and preferences, ultimately fostering innovation through a cycle of build, measure, and learn.

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    The Lean Startup Methodology is an approach to developing new businesses and products efficiently. It emphasizes creating a "minimum viable product" (MVP) — the simplest version of a product that can be tested in the market. Startups then gather feedback from customers quickly, allowing them to understand what works and what doesn’t. This feedback informs iterative improvements, reducing waste and increasing the chances of success. By focusing on learning through experimentation and adapting based on real market responses, entrepreneurs can build better products and businesses while minimizing risks and costs.