favicon.ico

CSPO.png

CSPO cover pic.webp

google.svg

trustpilot single.svg

SAFe® Lean Portfolio Manager 6.0 (LPM®) Logo

LPM-NEW.webp

business-female-employee-LPM.webp

Agile Product Management®APM.png

APM_cover pic

SAFe-RTE.png

SAFe for Architects® cover pic 02.webp

thumbnail_SPCT_logo_8320db67b0_1_7c36e6711a.png

thumbnail_product_owner_product_manager_cover_pic_f854fe9330.webp

google_afdae49274.svg

SPCT_logo_8320db67b0 (1).png

product-owner-product-manager_cover pic.webp

Advanced_SPC_CERTIFIED_LOGO-01.png

Advanced SPC 

Advanced SAFe® Practice Consultant (ASPC®)

Achieving Responsible AI Micro Credential Banner

SAFe Micro-Credential.png

SAFe® for Government cover pic.webp

Advanced Facilitator: Conflict and Collaboration

Course _Card_2 copy.jpg

Achieving Responsible AI Micro Credential Course

ARCH-NEW.webp

AI-PMPO.png

AI Powered Product Manager/ Product Owner (AI-PMPO)

AI powered Product owner/manger.jpg

AI-PM-Gold.png

Certified Agile Leader- CAL

SAFe COVER PIC.webp

image (11).png

thumbnail_0_3a3dc06ec5.jpeg

google_4379522bb2.svg

AI Powered Marketing Professionals (AI-MP)

ACS-CF Scrum Alliance

Certified Agile Facilitator™ (CAF™) Training 

 SAFe® Government Practitioner (SGP) Logo

SAFe-SGP.png

SSM-NEW.webp

SAFe Scrum Master Cover pic-ssm.webp

Advanced Certified ScrumMaster® (A-CSM)

Advanced Certified Scrum Master Cover Banner

ACSM Cover Course.webp

AHRE_Agile-HR-Explorer-

Agile okrs

SAFe® DevOps Practitioner 6.0 (SDP) Logo

SAFe DevOps Practitioner®.png

SAFe-DevOps-Practitioner_cover pic.webp

SA (1) (1)svvvvgggg.svg

SAFe Agilist cover picture 4.webp

SAFe for Teams® Training with SAFe® Practitioner (SP) 6.0 Certification

SP-SAFe® for Teams.webp

SAFe® for Teams_cover pic (1).webp

CSM.png

CSM cover pic.webp

popm(ai) logo.jpg

SAFe AI-Empowered Product Owner/Product Manager (POPM)

We have received your message. Our Learning Consultant will be in touch with you shortly. 

Checkmark.png

Skillbook Academy Logo – Professional Agile Training

large_New Logo Lato Poppins

medium_New Logo Lato Poppins

small_New Logo Lato Poppins

thumbnail_New Logo Lato Poppins

thumbnail_CSM.png

large_CSM cover pic.webp

medium_CSM cover pic.webp

small_CSM cover pic.webp

thumbnail_CSM cover pic.webp

thumbnail_CSPO.png

large_CSPO cover pic.webp

medium_CSPO cover pic.webp

small_CSPO cover pic.webp

thumbnail_CSPO cover pic.webp

thumbnail_ACS-CF Scrum Alliance

large_SAFe COVER PIC.webp

medium_SAFe COVER PIC.webp

small_SAFe COVER PIC.webp

thumbnail_SAFe COVER PIC.webp

thumbnail_Certified Agile Leader- CAL

thumbnail_Advanced Certified ScrumMaster® (A-CSM)

medium_ACSM Cover Course.webp

small_ACSM Cover Course.webp

thumbnail_ACSM Cover Course.webp

large_SAFe Agilist cover picture 4.webp

medium_SAFe Agilist cover picture 4.webp

small_SAFe Agilist cover picture 4.webp

thumbnail_SAFe Agilist cover picture 4.webp

thumbnail_popm(ai) logo.jpg

medium_product-owner-product-manager_cover pic.webp

small_product-owner-product-manager_cover pic.webp

thumbnail_product-owner-product-manager_cover pic.webp

small_LPM-NEW.webp

thumbnail_LPM-NEW.webp

medium_business-female-employee-LPM.webp

small_business-female-employee-LPM.webp

thumbnail_business-female-employee-LPM.webp

small_SSM-NEW.webp

thumbnail_SSM-NEW.webp

medium_SAFe Scrum Master Cover pic-ssm.webp

small_SAFe Scrum Master Cover pic-ssm.webp

thumbnail_SAFe Scrum Master Cover pic-ssm.webp

small_SAFe-RTE.png

thumbnail_SAFe-RTE.png

large_SAFe for Architects® cover pic 02.webp

medium_SAFe for Architects® cover pic 02.webp

small_SAFe for Architects® cover pic 02.webp

thumbnail_SAFe for Architects® cover pic 02.webp

large_SPCT_logo_8320db67b0 (1).png

medium_SPCT_logo_8320db67b0 (1).png

small_SPCT_logo_8320db67b0 (1).png

thumbnail_SPCT_logo_8320db67b0 (1).png

large_Advanced_SPC_CERTIFIED_LOGO-01.png

medium_Advanced_SPC_CERTIFIED_LOGO-01.png

small_Advanced_SPC_CERTIFIED_LOGO-01.png

thumbnail_Advanced_SPC_CERTIFIED_LOGO-01.png

medium_Advanced SPC 

small_Advanced SPC 

thumbnail_Advanced SPC 

large_SAFe Micro-Credential.png

medium_SAFe Micro-Credential.png

small_SAFe Micro-Credential.png

thumbnail_SAFe Micro-Credential.png

medium_SAFe® for Government cover pic.webp

small_SAFe® for Government cover pic.webp

thumbnail_SAFe® for Government cover pic.webp

medium_Course _Card_2 copy.jpg

small_Course _Card_2 copy.jpg

thumbnail_Course _Card_2 copy.jpg

small_Agile Product Management®APM.png

thumbnail_Agile Product Management®APM.png

large_APM_cover pic

medium_APM_cover pic

small_APM_cover pic

thumbnail_APM_cover pic

small_SAFe DevOps Practitioner®.png

thumbnail_SAFe DevOps Practitioner®.png

medium_SAFe-DevOps-Practitioner_cover pic.webp

small_SAFe-DevOps-Practitioner_cover pic.webp

thumbnail_SAFe-DevOps-Practitioner_cover pic.webp

small_ARCH-NEW.webp

thumbnail_ARCH-NEW.webp

large_SP-SAFe® for Teams.webp

medium_SP-SAFe® for Teams.webp

small_SP-SAFe® for Teams.webp

thumbnail_SP-SAFe® for Teams.webp

large_SAFe® for Teams_cover pic (1).webp

medium_SAFe® for Teams_cover pic (1).webp

small_SAFe® for Teams_cover pic (1).webp

thumbnail_SAFe® for Teams_cover pic (1).webp

small_SAFe-SGP.png

thumbnail_SAFe-SGP.png

medium_AI-PMPO.png

small_AI-PMPO.png

thumbnail_AI-PMPO.png

medium_0

small_0

thumbnail_0

medium_AI-PM-Gold.png

small_AI-PM-Gold.png

thumbnail_AI-PM-Gold.png

large_image (11).png

medium_image (11).png

small_image (11).png

thumbnail_image (11).png

Startups are the wave of the future. They are the execution of big and innovative ideas. While it empowers individuals to have an imagined future, it also creates a space for employment generation. From being your boss to sourcing unlimited income, constant growth and development, and constantly inspiring others, you can convert your dreams into reality through an excellent startup idea.

BUT … 

Startup statistics show that about 90% of startups fail. (Failory) The number one reason why startups fail is due to misreading market demand – this is found in 42% of cases (CBInsights) The second most significant reason why startups fail is due to running out of funding and personal money (CBinsights)

We often come across success stories but hardly do we get to know what went behind that success or are unaware of businesses that fail. According to the US Census Bureau, the highest five-year survival rate for new companies is 51.3%. So, is it all about **“Survival of the Fittest”**? Yes, indeed. To that, let’s add smartest too. The market today has a plethora of fresh concepts and ideas; therefore, it can be challenging to stand out.

### Let’s Understand the Challenges…

**Competition** – One of the corporate sector’s main challenges is the growing competitiveness brought on by changing trends. The environment of constant competition comes with both pros and cons. Because of this fierce competition, startups focus on being unique and the best, which takes them to heights, and it’s the same reason they frequently fail, for they cannot withstand the competition. So, answer this fundamental question\*\*, what makes your brand unique?\*\*   

**Funding –** Once you are up with a plan and start building your product, you require capital. Usually, most projects are too work-intensive to be handled without capital. No matter how great the idea is, adequate funding and budgeting are the way to execute it. Convincing the investors of the ideas is not easy, and this scenario worsened after the pandemic. On top of that, choosing the right source for funding is equally challenging. Investment terms and conditions matter the most. As Jodie Fox rightly said, “When looking for funding, don’t just look for cash. Look for the right people.” So, **are you aware of the potential financing options?**  

### Uncertain and Complex Scenarios

  
Can you predict what’s happening tomorrow? No, right? You cannot even change what is about to happen, but you can at least be ready with flexible approaches to face it. Situations like customers’ changing priorities, the emergence of the pandemic, etc., burden the startup ecosystem even more. In this rapidly changing market scenario, opt to be a constant risk analyzer. **Do you follow a solid strategy for responding to unpredictable circumstances?**

**Timing** – Heard about Airbnb? The concept faced doubts as people thought no one would rent their space to a stranger. But the idea worked. With great views and execution, timing played an important role here. It started in 2008 when the economic recession was at its peak. People needed extra money, so they started renting their homes to strangers to overcome the situation. The best way to assess timing is to determine whether consumers are ready for what your company offers them. **Are you sure it’s the right time?**   

**Not prioritizing deliverables** – In the race to create an extensive plan with one big release, companies tend to underestimate the power of prioritizing minimum viable products. Suppose the focus is to develop one big chunk of work at once; you might miss out on the features aligned to the customer requirement. So\*\*, How often do you release a Minimum Viable Product?\*\*

**Customers trust** – Customer is the reality. Winning a customer’s trust and being able to bring them back is one of the biggest challenges that startups face. Customer-centric business philosophy does the job here. Incorporating customer feedback and repetitive release of the improvised product is a challenge but, if tackled, can be a game-changer. What makes you believe that you are catering to the customer’s needs?

**Right Team** – The right team is the key. Finding someone who can comprehend your objectives can be difficult. Hiring the right team members during the initial stage of your business is very important to ensure business growth. One negative person is enough to alter the work environment. You hired the right people. Sure?

### Agile Values and Principles 

If strategies are revised and rethought, execution becomes easy and apt. The corporate world is flooded with different methodologies to approach a business model or work culture. Here you will understand how the Agile way of working sustains what you started, based on the Agile Manifesto of 4 values and 12 principles. Let’s start with the values first.

*   #### Individuals and Interactions over Processes and Tools
    
*   #### Working Software over Comprehensive Documentation
    
*   #### Customer Collaboration over Contract Negotiation
    
*   #### Responding to change over following a plan
    

These values might have given you an idea about how agility will change your way of thinking and managing any project or business. The Agile principles will restate your thoughts regarding why agile is a buzzword and why fortune companies swear by it. If the values and principles are so on point, don’t you think the agile methodologies under this approach will help you with a successful business tomorrow?

![Agile Principles](https://skillbook-cms-prod-latest.s3.us-east-1.amazonaws.com/Agile_Principles_87a5b6e10e.webp)

**Agile and Startups. Here’s how it goes together!** With its adoption develops a mindset. The mindset that wields all weapons and leads the warfare. Well, that’s the primary benefit of agile. Developing an agile mindset and culture is the first step toward an unconventional way of working

**1.**  **Increase frequency of Minimum Viable Products** With agile, one does more in short cycles known as sprints and delivers the minimum viable product to the market more often rather than waiting for a deadline. By integrating constant feedback from all stakeholders and collectively deciding on the product vision, teams create products that are right for both the business and customers. This practice guarantees that a product or service never goes out of fashion and is unique in the market. An agile framework aids in developing a workflow that enables the fast release of deliverables. The break-even point occurs much sooner, and the overall project ROI increases if revenue gets generated after the first month.

**2.**   **Allows a High-Performing Team** In a traditional setup, professionals with the same skills and varying expertise come together to work as a team. Agile believes in cross-functional teams of individuals with diverse skills working toward a common objective. As a result, every team member gains a sense of ownership, and they choose the best course of action and take complete responsibility for the outcomes. Everyone is aware of each other’s work, increasing transparency and scope to pitch ideas.

**3.**   **Makes you Adaptable** Agile project management facilitates change and evolution. It is a significant plus for startups because the ecosystems are constantly changing, and any business that adjusts remains ahead of the curve. It helps respond to the shifting market demands more rapidly and enhances services. Within agile enterprises, short iterations and increments benefit during unusual shifts. Agile helps in risk assessment to adjust actions as necessary. Undoubtedly, disruptions are frequent in this industry, so agile businesses have internal trainers and L&D teams to handle employees’ upskilling requirements.

**4.** **Save Budgets** Small businesses usually operate on very tight budgets in the early days. With a small team and limited resources, one should avoid taking on tasks that can wait. With agile, one learns to prioritize goals according to the money available. That’s where agile helps strategize and prioritize work. It means doing less and gaining more. Feedback loops and cross-functional teams take care of only the absolute necessities. That way is, not only expenditures cut, but it also minimizes the likelihood of committing to wasteful work

**5.**  **No Burnouts** One of the significant purposes of implementing agile is to establish a culture that sustainably fosters enthusiasm and excellence. Fortunately, agile provides a roadmap for your businesses to get there. Agile development methodologies guide you on setting sensible goals for your teams within defined time frames and how to lead with empathy and inspire passion. The team members learn to consider and work on essential tasks to remain active and motivated. This way, the enterprise grows, and so does the entrepreneur as a leader and motivator. Burnouts are cruel beasts, and avoiding them should always be the priority.

**Summary**

No! Agile cannot help you predict the future or stop the customer’s shifting priorities, but it can help you deal with them. It can help you satisfy customer needs. It can help you grow and sustain. It indeed is a strategy that is success-oriented and future-proof. Here is a bigger picture of how beyond personal benefits, you are contributing through exponentially growing startups (pat yourself! you are doing great!)

![Agile Startups](https://skillbook-cms-prod-latest.s3.us-east-1.amazonaws.com/Agile_Startups_13f3a5809a.webp)

Now the question is how to master agile? The answer lies in the right course, expert trainers, and, most importantly, your zeal to learn better management skills and witness the change.

As startups continue to grow in size and complexity, they face a problem: how to stay agile and adaptive while still providing value. A solution?


Related Courses