Lean principles aim to eliminate various forms of waste in the entrepreneurial process:
Overproduction: Avoiding the creation of features or products that customers do not need. Waiting: Reducing delays in the decision-making process by using real-time data and rapid testing. Overprocessing: Simplifying processes to focus on delivering core value. Inventory: Maintaining minimal stock to reduce holding costs and risks associated with unsold products. Motion: Streamlining workflows to enhance productivity. Defects: Utilizing feedback loops to identify and correct errors early.