The Lean Startup

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Philosophy Helps Start-Ups Move Faster Start a business ideas

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Many CEOs have fully embraced and continue to internalize the lean startup principles Start a business ideas

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Benefits of The Lean Startup

Be more innovative.

Stop wasting people’s time.

Be more successful.

Lean Startup isn’t about being cheap [but is about] being less wasteful and still doing things that are big.

Principles of The Lean Startup

Lean Startups can operate with much less waste

The Lean Startup isn’t just about how to create a more successful entrepreneurial business. it’s about what we can learn from those businesses to improve virtually everything we do. I imagine Lean Startup principles applied to government programs, to healthcare, and to solving the world’s great problems. It’s ultimately an answer to the question ‘How can we learn more quickly what works, and discard what doesn’t? Tim O’Reilly CEO O’Reilly Media

Lean Startup Case Studies

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Dropbox revolutionized file-sharing by making an extremely easy-to-use, seamless application. Learn More

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Wealthfront is democratizing access to outstanding investment managers. Learn More

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Grockit was founded in 2007 to enable social learning, specifically test preparation (SAT, LSAT, etc). Learn More

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Founded in 2004, IMVU is the world’s largest 3D chat and dress-up community. Learn More

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Votizen is disrupting how our government and politics works by putting focus back on individual voter. Learn More

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Aardvark, a company subsequently acquired by Google, developed a social search engine. Learn More

Meet-ups are happening everywhere

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Why get the book?

Do one important thing: make better, faster business decisions. Vastly better, faster business decisions. Bringing principles from lean manufacturing and agile development to the process of innovation, the Lean Startup helps companies succeed in a business landscape riddled with risk.

This book shows you how.

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About the Author

Eric Ries

Eric Ries is an entrepreneur and author of the New York Times bestseller



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Running a small business

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Advancing Victorian Manufacturing is the Victorian Government’s blueprint for growth of manufacturing in Victoria.

Running a small business

You can do good and make money at the same time. That’s the message from Bessi Graham of The Difference Incubator.

Running a small business

Victorian Government support is available to businesses experiencing significant rises to gas and electricity costs.

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Small Business Victoria Workshops are low cost, practical and run by experts in their fields year round across metro and regional Victoria.

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To help get your business moving, the Small Business Bus is now touring Victoria bringing expert advice and assistance to you.

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ABLIS is a free online tool which helps you find government licences, permits and registrations applicable to your business.

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In this piece in association with BusinessesForSale.com, we look at a selection of exciting UK businesses for

Can you have a Silicon Valley office on an SME budget?

When we think about great office spaces, we often think of Google, Facebook, AirBnB, Apple, and various other tech giants.

British Small Business Awards 2017: The winners

It was a pleasure to welcome our guests to the second annual British Small Business Awards at the Grand Connaught

Women will effectively work for free for the rest of 2017

Consider this: if someone asked you to continue doing your job for free until the end of the year, would

Entrepreneurial Brits: 80 per cent want start their own business

There were 644,750 company incorporations in the UK in the twelve months to 31 March 2017 and with the popularity

Small businesses in the UK worth an average of £90,000

The average UK small business is worth £90,000 in 2017 – down £4,000 on 2016 – according to research by

Ca-nine to five: One in five British workplaces allow pets in the office

According to new research, one-fifth of British workplaces now allow employees to bring pets into the office, yet a similar

Lessons learnt from the Ryanair flights crisis

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More than half of female employees admit to feeling financially unprepared for their retirement, as evidence emerges of a gender

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The latest generation to hit the shops in earnest has very different expectations from their parents, online research commissioned by

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Businesses and employees are calling on the UK government to provide more protection for those who work in the gig

Your first website: Stock vanilla or bells & whistles

How complex does your first business website need to be? Do you need to pay

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Big Ben: the first look inside the restoration works to save the world s most famous clock

Buy a flat on the UK s most expensive street for just £450,000 (but there s a catch)

Manhattan transfer: Holiday House charity pop-up launches in London

Customise your home with these build-your-own modular products

Is it time to upgrade your conservatory?

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Gallery: Inside the Versace-branded building where flats are selling for £13.5m

House prices

Developers inflate house prices ahead of leasehold crackdown

Dad vs daughter – who got the best home deal?

Latest bank transfer fraud victims: We ve lost £113,665 and are now homeless with eight pets

End of the bachelor pad as almost a third of men live at their parents’ home until their mid-30s

House prices rise at fastest rate since January, says Halifax

Our freehold cost £38,000 – now we re being denied compensation

Property Doctors: I want to become a buy-to-let investor – where should I start?

Forget the shepherd hut – the ultimate garden shed is the showman s wagon

Comment: War!! Trump! Oh, stop worrying. The End is Nigh (uh-huh, uh-huh) And I Like It

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Abroad

Gary Lineker used offshore firm to buy Barbados home

Buy an entire hamlet in the South of France for £300,000

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Forget fast cars and yachts, passports are the new status symbol for the ultra rich

Sun, sea and city: where to buy a second home next to an urban beach

Gallery: For sale: The most expensive house on Earth, in pictures

Luxury

I m a printaholic, pattern-loving maximalist : the colourful Milan home of fashion designer JJ Martin

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Festival of Business

Starting a small business Starting a small business

Starting a small business Starting a small business Starting a small business Starting a small business

The Telegraph Festival of Business 2017

The seventh Festival of Business will take place in London on Tuesday 7 November, 2017. This one day conference, regularly attracting an audience of 600 senior executives from UK businesses, will bring together some of the best-known names in British business, along with leading politicians and thought leaders, in a bid to ensure the continued growth of Britain’s small businesses. A combination of keynote addresses, live interviews, case studies, expert panels, quick-fire talks, and masterclasses will ensure attendees leave the conference having found inspiration, heard pioneering examples of business development and cemented valuable relationships with their peers.

Agenda

Registration and Breakfast

Welcome Address from the Chairman

Jeremy Warner, Associate Editor, The Telegraph

Lady Michelle Mone, Baroness of Mayfair OBE

Panel Session: Talent: attracting, recruiting and retaining your most valuable asset

Understand how important your company’s values are for recruitment and learn how to encourage millennials through to Gen X to join and then get them to stay. Gain insights into competing with larger companies when it comes to salary, culture and apprenticeships and delve further into the complexities of employment regulation.

Craig Donaldson, Chief Executive Officer, Metro Bank

Karen Blackett, OBE Chairwoman, MediaCom UK

Kiera Lawlor, Head of Happiness, Social Chain

Kirstin Furber, People Director, BBC Worldwide

Moderator: Rebecca Burn-Callander, Contributor, The Telegraph

Panel Session: Leading your business to success

Hear first hand on how to lead through change and how to successfully delegate. Gain insights into day-to-day management tips and understand the key lessons learnt by overcoming failure.

James Daunt, Chief Executive Officer, Waterstones

Chris Morling, Founder and Managing Director, money.co.uk

Helena Morrissey, Head of Personal Investing, Legal General Investment Management

Moderator: Liam Halligan, Economics Commentator, The Telegraph

Networking and Refreshment Break

Quick-fire Talk: Cyber security – how to prevent the worst from happening

Senior Representative, National Cyber Security Centre (NCSC)

Q A: Late Payments: can common ground be found?

A discussion that speaks to both sides, is honest about what the issues are at both ends and is constructive in terms of solutions.

Richard Gilkes, Managing Director, Stort Chemical

Philip King, Chief Executive, Chartered Institute of Credit Management

Moderator: Liam Halligan, Economics Commentator, The Telegraph

The importance of growth and international trade for SMEs

The Rt Hon Dr. Liam Fox MP, Secretary of State for International Trade

Plotting the future of tech innovation in your business

The new tech landscape; identify fads vs genuinely useful future tech and investing wisely to make the best tech choices. Gain insights into the importance of company-wide adoption and understanding and recruiting the relevant talent to deal with changing tech and transformation.

Chief Digital Officer

Digital Marketing Lead, UK

Pfizer Innovative Health

Moderator: Robert Bridge

Chief Customer Officer

Scaling Up Your Business Operations

Gain insights and advice on whether it’s best to scale through partnerships or organically. Understand how to ensure optimal staffing when growing and how to know when to step back.

Head of Enterprise

Business Banking NatWest/RBS

Founder and Chief Executive Officer

Chief Executive and Co-founder

Moderator: Matt Caines

Editor, Telegraph Connect

Supporting UK business to export and grow

Which will be the new frontiers? Identifying the changes to consider following Brexit and understand cross cultural business differences. Examine the steps to take when starting to export.

Emma Jones, Founder, Enterprise Nation

Joshua Stevens, Chief Executive Officer, One Retail Group

Dr Adam Marshall, Director General, British Chambers of Commerce

Moderator: Rebecca Burn-Callander, Contributor, The Telegraph

Securing your business against cyber threats

Cyber security; an issue not to be taken lightly and potentially one of the the biggest threats facing SMEs today. Understand how to achieve a cyber security 101 strategy and the preventative measures you can take and what to do when disaster strikes.

Sam Nixon, Product Owner, Decoded

Phil Lander, Director of Mobile and IT, B2B, Samsung Europe

Rowan Davies, Head of Policy and Campaigns, Mumsnet

Moderator: Stephan Freeman, Chief Information Security Officer, The Telegraph



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The New York Times

Start a business

Graphic | A Long Start-Up Slump

September 20, 2017

Unemployment has fallen, and the stock market has soared. So why has the economic expansion since the recession been so tame, with sluggish productivity and, at least until recently, anemic wage growth?

Economists say the answer, to some degree, can be found in a start-up slump — a decline in the creation of new businesses — and a growing understanding of what’s behind it.

A total of 414,000 businesses were formed in 2015, the latest year surveyed, the Census Bureau reported Wednesday. It was a slight increase from the previous year, but well below the 558,000 companies given birth in 2006, the year before the recession set in.

“We’re still in a start-up funk,” said Robert Litan, an economist and antitrust lawyer who has studied the issue. “Obviously the recession had a lot to do with it, but then you’re left with the conundrum: Why hasn’t there been any recovery?”

Many economists say the answer could lie in the rising power of the biggest corporations, which they argue is stifling entrepreneurship by making it easier for incumbent businesses to swat away challengers — or else to swallow them before they become a serious threat.

“You’ve got rising market power,” said Marshall Steinbaum, an economist at the Roosevelt Institute, a liberal think tank. “In general, that makes it hard for new businesses to compete with incumbents. Market power is the story that explains everything.”

That argument comes at a potent political moment. Populists on both the left and right have responded to growing public unease about the corporate giants that increasingly dominate their online and offline lives. Polling data from Gallup and other organizations shows a long-running decline in confidence in banks and other big businesses — a concern not likely to abate after high-profile data breaches at Equifax and other companies.

The start-up slump has far-reaching implications. Small businesses in general are often cited as an exemplar of economic dynamism. But it is start-ups — and particularly the small subset of companies that grow quickly — that are key drivers of job creation and innovation, and have historically been a ladder into the middle class for less-educated workers and immigrants.

Perhaps most significant, start-ups play a critical role in making the economy as a whole more productive, as they invent new products and approaches, forcing existing businesses to compete or fall by the wayside.

“Across the decades, young companies are really the heavy hitters and the consistent hitters in terms of job creation,” said Arnobio Morelix, an economist at the Kauffman Foundation, a nonprofit in Kansas City, Mo., that studies and promotes entrepreneurship.

The start-up decline might defy expectations in the age of Uber and “Shark Tank.” But however counterintuitive, the trend is backed by multiple data sources and numerous economic studies.

In 1980, according to the Census Bureau data, roughly one in eight companies had been founded in the past year; by 2015, that ratio had fallen to fewer than one in 12. The downward trend cuts across regions and industries and, at least since 2000, includes even the beating heart of American entrepreneurship, high tech.

Although the overall slump dates back more than 30 years, economists are most concerned about a more recent trend. In the 1980s and 1990s, the entrepreneurial slowdown was concentrated in sectors such as retail, where corner stores and regional brands were being subsumed by national chains. That trend, though often painful for local communities, wasn’t necessarily a drag on productivity more generally.

Since about 2000, however, the slowdown has spread to parts of the economy more often associated with high-growth entrepreneurship, including the technology sector. That decline has coincided with a period of weak productivity growth in the United States as a whole, a trend that has in turn been implicated in the patterns of fitful wage gains and sluggish economic growth since the recession. Recent research has suggested that the decline in entrepreneurship, and in other measures of business dynamism, is one cause of the prolonged stagnation in productivity.

“We’ve got lots of pieces now that say dynamism has gone down a lot since 2000,” said John Haltiwanger, a University of Maryland economist who has done much of the pioneering work in the field. “Start-ups have gone down a lot since 2000, especially in the high-tech sectors, and there are increasingly strong links to productivity.”

What is behind the decline in entrepreneurship is less clear. Economists and other experts have pointed to a range of possible explanations: The aging of the baby-boom generation has left fewer Americans in their prime business-starting years. The decline of community banks and the collapse of the market for home-equity loans may have made it harder for would-be entrepreneurs to get access to capital. Increased regulation, at both the state and federal levels, may be particularly burdensome for new businesses that lack well-staffed compliance departments. Those and other factors could well play a role, but none can fully explain the decline.

More recently, economists — especially but not exclusively on the left — have begun pointing the finger at big business, and in particular at the handful of companies that increasingly dominate many industries.

Start a business

Graphic | Big Business, Getting Bigger The share of employees working at large, medium and small companies in the United States.

The evidence is largely circumstantial: The slump in entrepreneurship has coincided with a period of increasing concentration in nearly every major industry. Research from Mr. Haltiwanger and several co-authors has found that the most productive companies are growing more slowly than in the past, a hint that competitive pressures aren’t forcing companies to react as quickly to new innovations.

A recent working paper from economists at Princeton and University College London found that American companies are increasingly able to demand prices well above their costs — which according to standard economic theory would lead new companies to enter the market. Yet that isn’t happening.

“If we’re in an era of excessive profits, in competitive markets we would see record firm entry, but we see the opposite,” said Ian Hathaway, an economist who has studied the issue. That, Mr. Hathaway said, suggests that the market is not truly competitive — that existing companies have found ways to block competitors.

Experts also point to anecdotal examples that suggest that the rise of big businesses could be squelching competition. YouTube, Instagram and hundreds of lower-profile start-ups chose to sell out to industry heavyweights like Google and Facebook rather than try to take them on directly. The tech giants have likewise been accused of using the power of their platforms to favor their own offerings over those of competitors.

Most recently, Amazon openly called for a bidding war among cities for its second headquarters — hardly the kind of demand a new start-up could make. Mr. Morelix said the Amazon example was particularly striking.

“We’re saying that it’s O.K. that they shape how a city charges taxes?” Mr. Morelix said. “And what kind of regulations they have? That should be terrifying to anyone that wants a free market.”

In Washington, where for years politicians have praised small businesses while catering to big ones, issues of competition and entrepreneurship are increasingly drawing bipartisan attention. Several Republican presidential candidates referred to the start-up slump during last year’s primary campaign. Progressive Democrats such as Senators Elizabeth Warren of Massachusetts and Amy Klobuchar of Minnesota have pushed for stricter enforcement of antitrust rules. In a speech in March, Ms. Klobuchar explicitly tied the struggles of entrepreneurs to rising corporate concentration.

In July, entrepreneurs achieved a mark of political relevance: their own advocacy group. The newly formed Center for American Entrepreneurship will conduct research on the importance of new businesses to the economy and push for policies aimed at improving the start-up rate. Its founding president, John Dearie, comes from big business — he was most recently the acting head of the Financial Services Forum, which represents big financial institutions.

“Everybody loves entrepreneurship, but they’re not aware it’s in trouble,” Mr. Dearie said. “If new businesses are the engine of net new job creation, and if new businesses are the engine of innovation, and new business creation is at 30-year lows, that’s a national emergency.”

Follow Ben Casselman on Twitter: @bencasselman



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Start a small business

Start a small business

Advancing Victorian Manufacturing is the Victorian Government’s blueprint for growth of manufacturing in Victoria.

Start a small business

You can do good and make money at the same time. That’s the message from Bessi Graham of The Difference Incubator.

Start a small business

Victorian Government support is available to businesses experiencing significant rises to gas and electricity costs.

Start a small business

Small Business Victoria Workshops are low cost, practical and run by experts in their fields year round across metro and regional Victoria.

Start a small business

To help get your business moving, the Small Business Bus is now touring Victoria bringing expert advice and assistance to you.

Start a small business

Find everything you need to know about grants and assistance programs to start, run and grow your business.

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ABLIS is a free online tool which helps you find government licences, permits and registrations applicable to your business.

Small Business Victoria Update

Tips, tools, news and events to help you run and grow your business – delivered fortnightly.



Launching Dreams, Empowering Entrepreneurs

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Brewing the American Dream

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3 Vital Components to Your Business Plan

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Running a business is hard work, but we re here to help. Get tips on everything from setting up your business to creating a website to paying taxes, based on Accion s experience helping entrepreneurs in every industry across the U.S.

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