Meaning ● Lean Growth, in the context of small and medium-sized businesses, signifies a methodology emphasizing sustainable expansion achieved through minimal resource expenditure and maximized efficiency. It prioritizes validated learning and iterative product development cycles, ensuring resources are allocated only to initiatives demonstrably contributing to growth.
For SMBs, Lean Growth typically involves strategic automation of repetitive tasks and the implementation of scalable systems early in the business lifecycle. ● Consequently, this approach aims to circumvent the pitfalls of premature scaling, focusing instead on building a solid foundation for future expansion. Central to this strategy is continuous experimentation and data-driven decision-making.
