Good article on the wrong perceptions that exist about the Lean Startup approach.
If you believe lean startup methods lead to “cheap” products and companies, or that lean startup companies don’t think big, think again.
Source: Eric Ries on 4 Common Misconceptions About Lean Startup
I have often been presented with business ideas for which no serious business plan had been prepared for. When I asked whether they had done a business plan, the excuses I most often got were almost always the same. If any of these sounds familiar, let me walk you through as to why you do need a plan and refer you to some other useful articles and resources.
It is possible that everything is true and that you are all set up for success, but I know from experience that sometimes too much confidence can be the greatest blindfold. (more…)