Lean Start-ups and Business Plans

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Lean Start-upsĀ are usedĀ for developing products and businesses based on ā€˜validated learningā€™, getting customer feedback quickly and often. It was introduced by Eric RiesĀ during 2011 (1) with the objective to eliminate uncertainty in the product development process. Since then, this practice has transformed the way companies are developed (Natasha Hussein, Entrepreneur).

Most astonishingly was the news that Lean start-ups have made business plans redundant. Indeed, a whole industry has grown up around the idea that business plans are now no longer necessary, says David Ehrenberg, Young Entrepreneur Council in the Chicago Tribune.

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