Good ideas can come from anywhere. The challenge is that good ideas are rare and often indistinguishable from bad ideas at the outset. Furthermore, when you chase a bad idea for too long, you waste needless time, money, and effort — not working on a good idea.
This is what that looks like:
A pivot not grounded in learning is a disguised "see what sticks" strategy.
The LEAN Validation Framework (LVF) was designed to help.
LVF is a new way of working that prioritizes your riskiest assumptions above everything else and unleashes the creativity of your entire team for problem solving.
At LEANSTACK, we have used this framework to launch best-selling books, tools, and software products used by millions of people. We have also helped hundreds of thousands of other entrepreneurs do the same across a wide-ranging array of products and services ranging from low-tech to high-tech and physical to digital products.
Here is a short overview of the 3 key concepts behind the LEAN validation framework:
The early stage journey is uncertain, but that doesn't mean it has to be messy.
We liken the journey to systematically navigating an idea labyrinth. Sure there are twists and turns, dead-ends and back-tracking, but it isn't aimless wandering.
It starts by break the journey to product/market fit into a series of goals, cycles, and sprints.
When you're moving really fast, you need adaptive models, not static plans.
Each 90-Day cycle is made up of 3 stages: Modeling, Prioritizing, and Testing.
And finally beause good ideas can come from anywhere, we place more emphasis on developing good teams and less emphasis on the quality of the starting idea.
Good teams also quickly recognize and kill off bad ideas and eventually find good ideas. Bad teams can’t tell a good idea from a bad idea and they either stick with bad ideas for too long or hopelessly fumble good ideas.
The early stage is won with good teams versus good ideas.
Our free Foundations course teaches you key mindsets, strategies, and tactics for unlocking your entrepreneurial potential.
Includes Lean Canvas and Continuous Innovation course.