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The Eric Ries talks about his book 'The Lean Startup' examine the five principles outlined in his...

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Eric Ries' Startup Talk Examines the Spirit of Entrepreneurship

By: Alyson Wyers - Published: • References: theleanstartup & youtube
In the lean startup talk, Eric Ries discusses principles in his new book on entrepreneurship. These five principles are entrepreneurship is everywhere, entrepreneurship is management, validated learning, build-measure-learn (a feedback loop) and accountable entrepreneurs. However, most of the startup talk is focused on management and accounting.

While entrepreneurship and startup businesses are a hot topic and made to seem extremely interesting in Hollywood films like 'The Social Network,' Ries believes society needs to move away from this line of thinking. While the results of a startup and changing the world are undoubtedly thrilling concepts, the process to get their and the difficult decisions made are boring, according to the speaker.

Ries defines a startup as a human institution designed to produce something new under conditions of extreme uncertainty. It is an experiment, not to see if something can be built, but if it should be. From there, many startup businesses are in actuality, an enormous waste of time. Stats for New Venture Tips Trending: Older & Warm
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Concept: Startup Talk
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Comparison Set: 5 similar articles, including: the need for young entrepreneurs, steps to entrepreneurial success, and creating a product.