Eric Ries – The Lean Startup Notes

My personal notes fromĀ The Lean Startup by Eric Ries

  • Identify where you’ve made assumptions instead of using facts. Make your assumptions facts by getting customer feedback
  • Early adopters are suspicious of something with too much polish.
    • If it’s ready for everyone to adopt how much advantage can they get?
    • Additional features or polish added is a waste
  • When in doubt simplify.
  • Any additional work beyond what was required to get feedback is a waste
  • Customers don’t care how much time something takes to build they care that it solves their needs
  • Everyone thinks their recent innovation is why the numbers went up. It’s everyone else’s fault when numbers go down.
  • Toyota Andon Cord
    • Defective change is removed immediately and automatically
    • Everyone on the relevant team is notified of the problem
    • Team is blocked from introducing any new changes
    • Root cause analysis performed
  • Dealerships sometimes have just in case inventory which cost a lot of money to keep stock on hand that we never be needed switch to just-in-time inventory and only have a one what you need
  • Use 5 why’s? to answer questions
    • “We didn’t do x”, “Why didn’t you do x?”
    • “We didn’t do x because of y”, “Why didn’t you do y?”
  • LTSE long term stock exchange

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