The startup scene is familiar ground for many MedCrunch readers. So is its lingo and concepts. The lean startup movement with proponents such as Eric Ries and Steve Blank has been an important voice, when it comes to entrepreneurship and building companies in the tech environment – Just think “agile development” or “customer development”. These processes are all about rapid iteration, hypothesis generation, falsification and fast learning and are commonly used in software programing. They were born out of the notion that startups cannot be managed like small brothers of big companies. They have to validate their business models first and only then they can grow up to become like their corporate counterparts. Some major questions every startup entrepreneur should ask him/herself according to some of these entrepreneurial concepts are: 1. What problem are we solving? 2. Is this an important problem to solve? 3. How are we going to solve this problem? 4. Whose problem is this? 5. How much are they going to pay for a solution? 6. Who is going to pay? 7. Who are going to be our partners or competitors? 8. What are the channels we are going to have to use in order to reach our […]
