Summary of Page.ly’s Lean Startup Post
The take away lessons from Page.ly’s lean startup post.
- A company is a set of systems
- Adding variables (like employees, capital, etc) make it more complex
- Complex systems take more resources to manage
- Reduce complexity
- Automate everything
- A company is a set of systems (repeat)
- Earn revenue on user #1
- Raising capital is an inefficient use of time
- Zero dollar marketing (i.e. word of mouth)
- Act as if you’ll never hire anyone, ever
- Spend the money on quality (not on the latest must haves)
- Be the best, and price accordingly
- Expect customers to learn (Self-sufficient customers require less support resources, and are happier customers)
- Focus and Discipline
- Realize that you don’t have time to pursue all ideas (yet), and that doing so can be a distraction to your business
