A friend of mine asked for some war stories of entrepreneurship over a couple of beers.
My best advice was to point him in the direction of Eric Ries super book, almost a manual, certainly a must-read ... The Lean Startup.
At its heart, though, my experience is one of focusing on a few simple principles:
In addition to the necessary and sufficient test, we actively try to turn our weaknesses into strengths. For example, we don't have to waste resources on expensive office premises. We have a small team so the communication overhead is low; we don't have to have extensive group meetings to ensure everyone is co-ordinated around the same goal. We can iterate fast and often, making tiny steps that subtly change direction to hit what has become a new priority...
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