![]() ![]() ![]() Poor Management Team: Weak, inexperienced and incompetent management can easily drown the boat. Business Model Failure: In many cases the cost of ac- quiring the customer (CAC) is actually higher than the lifetime value of that customer (LTV). With a fairly efficient market, the constraints on normal businesses may help to protect them that they run into the problem of their being little or no market for the product that they have built. A start-up is dedicated to creating something new under con- ditions of extreme uncertainty. The only essential thing is growth everything else we associate with startups follows from growth. Nor is it necessary for a startup to work on technology, or take venture funding, or have some sort of "exit". Being newly founded does not in itself make a company a startup. Startup is a company designed to grow fast. Index Terms - Agile, entrepreneurs, Ideas-data-cde, Lean Methodologies, Lean Startup After coming up with a good Idea, We decided to implement the lean startup methodolo- gy during the development of news service mobile application. The lean startup methodology suggests a scientific way to start startups. International Journal of Scientific & Engineering Research, Volume 5, Issue 1, January-2014ĭevelopment of a Mobile Application Using theĪdnan Miski Abstract - Knowing that 90% of startups fail, entrepreneurs often search for ways to reduce their risk and improve their chances of success. Development of a Mobile Application Using the Lean Startup Methodology ![]()
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