Little Bets – The Way to take an Affordable Risk

Start Small, Iterate a lot, Scale – that’s the advice from Peter Sims, the author of the new book Little Bets: How Breakthrough Ideas Emerge from Small Discoveries. When reading the book, you can’t help but think about Eric Ries of The Lean Startup fame. Eric characterizes his Little Bets with the description of the Pivot. The resounding theme of both of these authors is of PDCA and testing a hypothesis. Listen to Peter Sims version:

Peter’s book is refreshingly entertaining citing numerous examples from Chris Rock to Pixar on how they use Little Bets in their development of a comedy skit to a full scale “Pivot” (Pivot has become mainstream – Eric) by Pixar. If you’re a Lean enthusiast and/or a devoted follower of the Lean Startup you will find this book worthwhile reading. Great take on the subject and examples of working and developing your hypothesis in real life.

"I have always believed that constant innovation is core to success. The methods Peter Sims provides in the highly engaging Little Bets will help you challenge the status quo and discover extraordinary new possibilities in whatever endeavor you’re engaged in." — Howard Schultz, chairman and CEO, Starbucks