Note from "The Lean Startup"

I have recently finished reading "The Lean Startup" by Eric Ries. It takes an experimental (as in scientific method of testing hypothesis) approach to make the work more efficient (does not waste valuable time/cost) and efficient (working on the right thing).  It emphasize on the importance of rapid learning and adjustment based on that learning. In this aspect, it seems to use the same foundation of Agile Software Development i.e: make small iterations and adjust/improve process/prediction after each iterations.

Below is summary of the process on Lean Startup:

• Make leap of faith. Make your hypothesis that you think is true, just make your best guest what will be useful and interesting to user so they will use it. Assume for now that it is true.
• Develop Minimum Viable Product. Work on smallest possible set of feature that will have significant effect first. The smallness is important for having rapid feedback for learning
• Validated Learning. Review the reesult of the above using actual/verifiable data
• Pivots. Decide based on the learning above what is the best course to take next. This could be improving things, discarding things or drop it and do something else entirely

In essence, the process actually useful in many areas of life. Having a rapid feedback can minimize our accumulated errors.