The Lean Startup: Cost vs. Speed vs. Quality

At the different phases of a startup’s lifetime, an entrepreneur’s focus shifts. It can vary from product development and market fit, to market acquisition and international expansion. Throughout each stage, however, the entrepreneur is often faced with three important decisions: at what speed she should develop her product, how much she is willing to spend on it, and at what quality she is willing to put it on the market. The answers to these questions vary based on the startup’s goal and stage. While there is no single answer, veteran entrepreneurs often recommend the tried and true lean startup method. Read More …

The Entrepreneur is Foremost a Shareholder

In a startup’s early days, a founder, more often than not, is the “chief-of-everything.” She is the CEO, the HR, and the customer service all at once. She does not have the luxury of hiring top talent from day one, so she works with the limited resources she has to build her startup from the ground up. In a company’s earliest stages, this makes sense. Over time, the entrepreneur grows her team and scales her business. She hires top-level management and a reliable, well-performing team. Eventually, the founder will carry the “sole” responsibility of managing her company day-to-day as its Read More …