Coaching for Leaders

476: How to Pivot Quickly, with Steve Blank


Listen Later

Steve Blank: The Startup Owner’s Manual

Steve Blank is a Silicon Valley serial-entrepreneur and academician. He is recognized for developing the Customer Development methodology, which launched the Lean Startup movement. Steve is also the co-founder of E.piphany.

His Google Tech talk, The Secret History of Silicon Valley, offers a widely regarded insider’s perspective on the emerging Silicon Valley’s start-up innovation. He’s also published three books: The Four Steps to the Epiphany*, Not All Those Who Wander Are Lost, and The Startup Owner’s Manual*.

In this conversation, Steve and I discuss the steps that leaders should take when making pivots. We explored the importance of creating a Minimal Viable Product or Minimum Viable Service, followed quickly with customer discovery, rapid testing, and refinement.

Key Points

What doesn’t kill me makes me stronger. -Friedrich Nietzsche

To pivot quickly:

  • Create a MVP (Minimal Viable Product) or MVS (Minimum Viable Service).
  • Conduct customer discovery: validate your idea by speaking with existing/potential customers about the new product/service.
  • Do rapid testing: get your work into the hands of existing/potential customers quickly. Don’t try to get it perfect right out of the gate.
  • Refine your offering: use fast feedback to make the product/service better.
  • Resources Mentioned
    • Seven Steps to Small Business Recovery
    • The Virus Survival Strategy For Your Startup
    • How To Keep Your Company Alive – Observe, Orient, Decide and Act
    • Customer Discovery In the Time Of the Covid-19 Virus
    • Related Episodes
      • Ideas Worth Stealing From Top Entrepreneurs, with Dorie Clark (episode 318)
      • Serve Others Through Marketing, with Seth Godin (episode 381)
      • How to Build an Invincible Company, with Alex Osterwalder (episode 470)
      • If You Build It, They Will Come (Dave’s Journal)
      • Discover More

        Activate your free membership for full access to the entire library of interviews since 2011, searchable by topic.

        ...more
        View all episodesView all episodes
        Download on the App Store

        Coaching for LeadersBy Dave Stachowiak

        • 4.8
        • 4.8
        • 4.8
        • 4.8
        • 4.8

        4.8

        1,393 ratings


        More shows like Coaching for Leaders

        View all
        The Look & Sound of Leadership by Essential Communications - Tom Henschel

        The Look & Sound of Leadership

        1,163 Listeners

        The Learning Leader Show With Ryan Hawk by Ryan Hawk

        The Learning Leader Show With Ryan Hawk

        1,346 Listeners

        Teaching in Higher Ed by Bonni Stachowiak

        Teaching in Higher Ed

        374 Listeners

        HBR IdeaCast by Harvard Business Review

        HBR IdeaCast

        176 Listeners

        Negotiate Anything by Kwame Christian Esq., M.A.

        Negotiate Anything

        728 Listeners

        How to Be Awesome at Your Job by How to be Awesome at Your Job

        How to Be Awesome at Your Job

        1,037 Listeners

        Worklife with Adam Grant by TED

        Worklife with Adam Grant

        9,136 Listeners

        Speak Up: Develop Your Executive Presence & Leadership Communication Style by Laura Camacho

        Speak Up: Develop Your Executive Presence & Leadership Communication Style

        95 Listeners

        Maxwell Leadership Executive Podcast by John Maxwell

        Maxwell Leadership Executive Podcast

        380 Listeners

        Inside the Strategy Room by McKinsey & Company

        Inside the Strategy Room

        176 Listeners

        No Bullsh!t Leadership by Martin G Moore

        No Bullsh!t Leadership

        127 Listeners

        The Anxious Achiever by Morra Aarons-Mele

        The Anxious Achiever

        572 Listeners

        Think Fast Talk Smart: Communication Techniques by Matt Abrahams, Think Fast Talk Smart

        Think Fast Talk Smart: Communication Techniques

        834 Listeners

        A Bit of Optimism by Simon Sinek

        A Bit of Optimism

        2,226 Listeners

        Coaching Real Leaders by Harvard Business Review / Muriel Wilkins

        Coaching Real Leaders

        668 Listeners

        HBR On Leadership by Harvard Business Review

        HBR On Leadership

        174 Listeners