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 …