When we’re working on something that’s never been done before, it can sometimes seem impossible to figure out the proper next step to take. We want to exploit the full potential of our massive idea, but we fear getting caught up in wild goose chases that might lead us nowhere. Let’s talk about milestones.
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If you want your customers to love your MVP, or Minimum Viable Product, that bill needs to be paid by your startup, not your customers. Here’s why.
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When you’re an entrepreneur, you’re going to face armies of people who doubt you. At best, they’ll throw a cutting remark out on social media. At worst, they’ll do everything in their power - and they have a lot of power - to stop you from threatening their status quo. So what do you do?
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Product-market fit is one of the most difficult concepts for any startup to nail down. But once you have a concrete idea of product-market fit, you can start to build a customer base. And once you know your customer base, you can scale your sales efforts and grow that base. Let’s explore.
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Just as modern technology has brought into the mainstream resources for building, marketing, and delivering a product that were formerly only available to large corporations with deep pockets, that same technology is starting to make it possible for any company to sell more units with fewer resources. Let’s take a look.
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It’s hard to argue against making customers happy, but I’m going to do it anyway, because living by the rule that the customer is always right is a dangerous game when you’re trying to innovate.
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Your new idea may result in a product or feature that every consumer or business needs. But do they need it today? Is the world ready for your idea yet? Because if they’re not, you still wind up launching something brilliant to the sound of crickets. Asking these five questions will help you ensure you don’t get ahead of yourself, and that customers will buy what you’re building.
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Let’s talk about “no-code:” No-code platforms are capitalizing on the fact that this is how most business and product professionals view software development. We get it, we kind of understand it, but if something doesn’t work like it’s supposed to, the syntax to get what we want is way out of our league. But now, users of no-code platforms don’t need to know anything about syntax. Interested? Read one to learn more.
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I’ve been building startups and helping build startups for over 20 years. And while I work for startups that have raised outside money, and I advise startups that have raised outside money, these days I don’t even go after an investment on my own unless I can prove, with revenue, that the idea doesn’t need investment to be viable. Chicken and egg.
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