Why Why Why Why Why – The Five Whys?
Overview
We just finished listening to Mark Graban’s interview with Lean Startup author Eris Ries. The two talk about Taiichi Ohno’s influence on their lean methodologies.
Taiichi Ohno is considered to be the father of the Toyota Production System, which later became Lean Manufacturing. His written experiences at Toyota heavily influenced the manufacturing industries across the globe.
The two agree that Ohno’s books may lack the western style instruction many readers seek out however do praise the author on his alternative approach to manufacturing and it’s powerful application across all industries.
What stood out from the interview was Eric’s impressions of Ohno’s approach to root cause analysis – the five whys. The approach is a simplistic but powerful method of solving problems. Let us take a look…
The “5 Whys” Problem Solving Approach
Essentially the five whys ask why until the cause of the problem is identified. This leads to the ultimate question – How do we fix this problem once and for all? You can keep asking why until you drive out all issues.
Here is an example (Wikipedia):
The Problem: The vehicle will not start.
First Why? Why? – The battery is dead.
Second Why? Why? – The alternator is not functioning.
Third Why? Why? – The alternator belt has broken.
Fourth Why? Why? – The alternator belt was well beyond its useful service life and not replaced.
Fifth Why? Why? – The vehicle was not maintained according to the recommended service schedule.
Sixth Why? Why? – Replacement parts are not available because of the extreme age of the vehicle.
Often we overlook the cause of problems; or shy away from asking the simple questions. Sometimes going back to basics can solve the most complex questions.
Did this help? Let us know.
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You might also enjoy:
+ The Top 100 UK Startups (2010)
+ The Startup Dictionary – Learning the Lingo #3
+ Learning From Other Startups – 6 Real Life Stories
+ Samsung’s Pivot From Dried Fish to Smartphones
+ Top Startup Podcasts – Learning From Listening
+ Helpful Startup Tools For Entrepreneurs
Welcome new readers! If this is your first time here, you might want to start with a new article or read through our older submissions.
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Creating Your Very Best Startup Business Logo
Startups.co.uk have published a really helpful article getting your logo professionally designed. Your logo will be the face of your company and therefore has importantn consequences to how customers respond.
1. Know the name of your company – Does the name reflect what you do?
2. Style of your business logo – Font based, representative or abstract? Will your logo instantly communicate what you do?
3. The message behind your business logo – What is your unique selling point (USP)?
4. Make a business logo fit for purpose – Where will you use your logo? Websites, instantiation, business cards?
5. Research your designer – Check out their previous work and customer testimonials. Avoid picking on price alone.
99Designs who provide an online market place for designers offer similar logo designing tips and advice.
1. Picture the name – Use images to convey your product or service.
2. Get quirky – Select something different to stand out from the crowd and be memorable.
3. Create a superhero logo – Common themes help customers associate and remember your logo.
4. Twitterize it – The 99Designs article suggests using Twitter as your inspiration. However they better suggestion would be considering how your logo will transcend mediums. How will your logo look in Twitter, Facebook, Google+, YouTube and other social media platforms?
5. Make it 3D – These logo require are more complex to create however add a level of expertise and professionalism. Good examples are Xerox and even Llyoyds Bank.
We hope these tips help. Leave a comment and share a link to your startup logo.
Image Credit: FieldID
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You might also enjoy:
+ The Startup Dictionary – Learning the Lingo #3
+ Learning From Other Startups – 6 Real Life Stories
+ Samsung’s Pivot From Dried Fish to Smartphones
+ Top Startup Podcasts – Learning From Listening
Welcome new readers! If this is your first time here, you might want to start with a new article or read through our older submissions.
Where to next? Check out a random article.
Stay in touch: Check us out via RSS Feed, Twitter, Google+ and Facebook.
Join the conversation: Leave a comment or tweet this post.
New Startup Lingo – More Buzzwords
A few months ago we launched our very own startup glossary to help others learn the lingo. We collated a list of some of the commonly used buzz words being used in the community. We are now planning to expand the list – so please tell us what you would like added.
We are working to add these (plus more):
A/B Testing
Crowdfunding
Early Adopter
Freemium
Funding
Horizontal
Human Capital
Hyperlocal
Long Tail
Low Hanging Fruit
Minimum Viable Product (MVP)
Monetise
Seed Money
Sweat Equity
Startup
Stealth
Social Media
Stack
Traction
Vertical
Web 2.0
The current glossary includes:
Agile
Angel
Burn Rate
Bootstrap
Business Plan
Business Model
Customer Development Model
Disruption
Elevator Pitch
Entrepreneur
Equity
Incubator
Intraprenuer
Lean Startup
Non Disclosure Agreement (NDA)
Pivot
Venture Capital (VC)
If you cannot wait for our list to be updated, check out Forbes and their Startup Infographic.
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You might also enjoy:
+ The Startup Dictionary – Learning the Lingo #3
+ Learning From Other Startups – 6 Real Life Stories
+ Startup Myths – I shall not be fooled again by gurus
+ The Bootstrap Challenge – Walking the Talk
Welcome new readers! If this is your first time here, you might want to start with a new article or read through our older submissions.
Where to next? Check out a random article.
Stay in touch: Check us out via RSS Feed, Twitter, Google+ and Facebook.
Join the conversation: Leave a comment or tweet this post.
New Month, New Look – What Do You Think?
After several months we have finally decided to change our WordPress theme. We are now running Origin. This was to replace the Bueno theme that we found difficult to read. We are hoping the new minimalist look and feel will improve general readability and enjoyment!
What do you think? Please let us know.
We wrote about the power of keeping website design simple in an earlier post – Keep It Simple Stupid (KISS) – Ugly Websites That Went Viral. We will report back if keeping it simple makes any difference to our blog.
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You might also enjoy:
+ Social Media Experiment – Twitter, Google+ and now Facebook
+ The Startup Dictionary – Learning the Lingo #3
+ Learning From Other Startups – 6 Real Life Stories
+ Startup Myths – I shall not be fooled again by gurus
Welcome new readers! If this is your first time here, you might want to start with a new article or read through our older submissions.
Where to next? Check out a random article.
Stay in touch: Check us out via RSS Feed, Twitter, Google+ and Facebook.
Join the conversation: Leave a comment or tweet this post.
Building a Minimum Viable Product (MVP) in One Day
(Source: Go Comics)
Can You Build a Minimum Viable Product (MVP) in One Day? Maybe…
We just finished listening to a Stack Exchange Podcast featuring Eric Ries (Lean Startup) as a guest. During the show Ries explained the importance of getting an idea out to the market to validate your assumptions and avoid wasting time building the wrong product.
This touches on his minimum viable product (MVP) concept that he defines as:
“That version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.”
Rob Kelly simplifies it even more by breaking down the individual components as follows:
Minimum – There is usually just one or two core problems that excellent products are trying to solve.
Viable – What makes a product viable? Will people use it? Will someone pay for it?
Product – Anything that generates value.
The viable component is crucial to the process. One must distinguish between Minimum Viable Product and Minimum Product.
SPVG define minimal product as the “smallest possible product that actually works”.
They go on further to remind us that this is “often a long way from minimum viable product which not only works, but is something that people actually choose to buy and use”.
One example Ries cites is GroupOn. GroupOn started as ‘The Point’ on a WordPress blog. It was only when Groupon sold its first deal—two pizzas for the price of one in October 2008 that they realised they were onto a good idea (WSJ).
They needed to put a real life product (a MVP) out into the market to discover if customers would take the bait. The customers liked it and all it took was a basic landing page and a bit of hard work.
Neil Patel describes how Dropbox “started with a boring 3 minute video for their minimum viable product. It looks like a normal product demonstration. And that’s all it is. There is no code. When they released the video online, however, their waiting list went from 5,000 people to 75,000 overnight!”
These examples show how small efforts can yield some powerful information. Information that can be used to test your hypothesis and determine where to spend your next efforts.
Ash Mauyra shares his experiences of building his own MVP. He highlights that a landing page is not enough. You need to use the MVP to drive out customer reactions and test your hypothesis (ie will customers buy this product?). It is more about learning than guessing.
This got us thinking on how you go about building your Minimum Viable Product (MVP) and if you could construct something quickly. Could you build your MVP in a day? What could you learn?
So think about adding a video to your website or building a WordPress blog to showcase your MVP. Ask your visitors for feedback and determine where you need to spend your time. Did this experiment stop you from wasting your energies on building the wrong product?
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You might also enjoy:
+ The Startup Dictionary – Learning the Lingo #3
+ Learning From Other Startups – 6 Real Life Stories
+ Startup Myths – I shall not be fooled again by gurus
+ The Bootstrap Challenge – Walking the Talk
Welcome new readers! If this is your first time here, you might want to start with a new article or read through our older submissions.
Where to next? Check out a random article.
Stay in touch: Check us out via RSS Feed, Twitter, Google+ and Facebook.
Join the conversation: Leave a comment or tweet this post.
Project Mackerel – Please Sir… Complete our quick survey?
Work continues on Project Mackerel, our planned online portal to help job seekers impress in interviews. It even may help bright eyed entrepreneurs like you during a sales pitch to a potential investor.
We are calling out to everyone to fill out our quick survey. We essentially want to know if anyone would use our proposed service. The survey is available via the link below:
Click here to take survey (Link will open in a new window)
Share the link or embed within your blog or website:
<a href=”http://www.surveymonkey.com/s/753VK7N”>Click here to take a quick survey on proposed job seekers website</a>
We know that getting responses can be extremely slow and challenging but we are hoping you guys can spread the word. As always, we will keep you informed on the process and share our experiences.
Thanks all!
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Check out these earlier posts on the project:
Project Mackerel – Sneek Peek of Prototype
Project Mackerel – Calling all Beta Testers
Project Mackerel – Calling all Beta Testers (Follow Up)
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You might also enjoy:
+ The Startup Dictionary – Learning the Lingo #3
+ Learning From Other Startups – 6 Real Life Stories
+ Startup Myths – I shall not be fooled again by gurus
+ The Bootstrap Challenge – Walking the Talk
Welcome new readers! If this is your first time here, you might want to start with a new article or read through our older submissions.
Where to next? Check out a random article.
Stay in touch: Check us out via RSS Feed, Twitter, Google+ and Facebook.
Join the conversation: Leave a comment or tweet this post.
Weekly Digest #2 – More Golden Resources for Startup Entreprenuers
A few weeks ago we published our first Weekly Digest post titled – How We Stumbled Upon Top Biz Resources. While the posts haven’t been published weekly, we hope you can enjoy the latest installment (albeit a month late)….
The below are some super online resources we have discovered on our quest for knowledge.
1. Useful Resources
The Startup Dictionary – Learning the Lingo – When you enter the realm of startups you discover the massive amount of terminology being thrown around. Check out this mini startup glossary.
Guide To Writing A Business Plan – We have been investigating the differences of Business Model v Business Plan. Whatever tool you use to plan – when you fail to plan, you plan to fail. This link provides a easy reference guide to help with your planning.
Build-your-own-website service Wix.com adds HTML5 support – Need a professional and impressive looking online presence today? WIX is a easy to use web builder to create flash websites. They announced this week that they now support HTML 5.
100 Ivy League Business & Entrepreneurship Courses You Can Take for Free – If you are thinking about going back to university, you may think again after checking out these free online courses. Numerous courses from Introduction to Financial and Managerial Accounting to Competition in Telecommunications.
BrightHub – The Entrepreneurship Channel – A great archive of ‘how to’ articles on starting and running your own business.
2. Inspirational Speakers
10 TED Talks for Entrepreneurs & The Educated Entrepreneur’s Blog – TED are known for their high quality and inspiring speaking sessions. Usually they focus on health, science and medicine. In this link they have picked out their best talks for Entrepreneurs. Some great videos available.
Imagine’ That: Fostering Creativity In The Workplace – This podcast talks about the science behind creativity and innovative thought. Jonah Lehrer, author of ‘Imagine How Creativity Works’ shares what triggers innovative thinking.
3. Smart Bloggers
The following requires it’s very own blog post as it is truly interesting topic. If you want to know more about the ‘Lean Startup’ movement then check out the two blogs below.
Market By Numbers – Brant Cooper
Startup Up Lessons Learned – Eric Ries
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You might also enjoy:
+ The Startup Dictionary – Learning the Lingo #3
+ Learning From Other Startups – 6 Real Life Stories
+ Startup Myths – I shall not be fooled again by gurus
+ The Bootstrap Challenge – Walking the Talk
Welcome new readers! If this is your first time here, you might want to start with a new article or read through our older submissions.
Where to next? Check out a random article.
Stay in touch: Check us out via RSS Feed, Twitter, Google+ and Facebook.
Join the conversation: Leave a comment or tweet this post.