Update: This came to be known as Lean Startup, popularized by Eric Ries in late 2008.

Last week in my MBA class (Management Control Systems) I had a case-study about “Balanced Scorecard” and how it was implemented in a particular company in the banking industry. Obviously the company had a lot of challenges and issues during the BSC implementation.

One of the lessons from the case was, for the BSC to be implemented successfully and fully, you need to keep improving it as the implementation phase moves along. One of the reasons cited for BSC implementation failure was because some companies want a perfect BSC – from the start. But that’s not possible, since BSC is a continuous thing, which has to be improved, changed, and adjusted over time.

Relating it to web-projects and Startups

This case-study reminded me of few occasions where I noticed how some people want everything to be perfect. They pay attention to the wrong (or shall we say less important) parts of the project. Every project consists of different parts, if it is a web project for example, then it could be divided into design, development, choosing hosting, choosing domain name, marketing, advertising etc.

However in order for the work to begin, you only need design and development (i.e scope of work) first. So don’t waste your time thinking how you will promote the website after its completion. Similarly, if you just want to test the waters whether the project will work or not, then don’t delve too much on the design of the interface. Just get a functional user interface that will do the job fairly and see if your project will stand the test. Because I noticed that some people will spend so much time perfecting the design of the website that they delay the launch of the project, or even worse the project gets not launched at all.

Because in most cases, it’s not the user interface that determines if the project will work or not. It’s the IDEA that determines the fate of your project. If your idea is good, then even if your website is not that “good looking” – it will still work! But not vice versa. You might have the best designed website, but still fail.

Lessons to be learned

So, in conclusion; first prioritize your tasks, identify the parts that are most important for the project to be completed. Once you have identified, work on those important parts first. Don’t waste your time on the tasks that will follow after the project has been completed.

Secondly, try to learn how to sacrifice on the design. Yes great logo is important for the brand, but don’t search for it for months until you delay the project. Same goes with the design of the website, some people spend so much time on the design that the real objective of the project gets forgotten.