Tuesday 26 March 2024

At startups, speed is everything

If you're an Entrepreneur, one habit that you need to embrace is "speed". Startups are all about speed.

What exactly is speed in this context? Write code fast?

Let's learn.

In a startup, you need to build a Customer feedback cycle. Which means that you first need to talk to customers and get feedback and learnings about the problem they're facing. Then go back and build a solution. Finally, you need to show this solution to the customers again and fet more feedback. And then use this new feedback to again improve the solution you've built.

This whole cycle is called as the Customer feedback cycle. It has been well explained in the book "The Lean Startup" by Eric Ries.

Your job as an entrepreneur is to speed up this feedback loop so that you can quickly get to the Product Market fit stage.

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