First things first, what are startup frameworks? These are methodologies or systematic approaches that help entrepreneurs and startup teams build or scale a new business venture with the due structure. This is done thanks to sets of principles, tools, and techniques that allow to facilitate decision-making processes, test assumptions, iterate quickly, and stay organized to boost their chances of success.
Which key areas can startup frameworks address? To name a few:
🟡 product development
🟡 market validation
🟡 customer acquisition
🟡 business model design
🟡 growth strategies
Some popular startup frameworks include the Lean Startup Framework, the Business Model Canvas, the Operational Excellence (OpEx) Framework, and McKinsey 7S. Likewise, frameworks such as the Ansoff Matrix, AARRR Pirate Funnel, and Objectives and Key Results may also be valuable tools.
Although different frameworks may have different emphases and approaches, they may help startups navigate various challenges and make informed decisions at different stages of development. Keep reading to find out the peculiarities of their use and how to use them as leverage: