I am going to start this with a confession.
Truth is, there are many many many ways to build a product. I'd also like to add that, there are some cases of people having no clue of who their users were, or what they wanted to build, and accidentally stumbling upon something that became big - really really big.
So why should one bother with a process? It's simple. Because we have parents.
If you are like me, you were not born into a business family where they didn't care what you are upto, till you came of age to take over the business. You are well educated, and your parents gave you their best - at times, beyond their means. Which means, you are probably trying to start a company with the promise that you'll get this up and running soon and there is probably a timer clicking.
For me, it was three months - that got extended to a year. If nothing worked in a year, I'd hang it up and go back to a job.
There in comes a need to systematically spot a problem, come up with a theory, and a solution, do an initial dipstick analysis, build a prototype, validate it with the customer and then try to build asustainable business around it.
Here's the first tip I'd give you. If you can build a business which makes revenue - and you decide not to take it right now, that's a different story. But no matter what anyone says, have that option to make revenue. if you don't think monetization early, and often - chances are, that your startup will never make money.
The problem first - solution next approach CAN give you an answer, and a product that can convert into business in the shortest timeframe possible. If you'd like to still gamble and go build another twitter or a facebook (and not worry about users, what they want or if there is even a market for the solution), this is where you'd drop off. No Hard Feelings, but I can only wish you luck and nothing more.
If you are still with me ... would love to hear what got you started as an entrepreneur and why you want to be one. That's always a great way to start - and to get to know you as well. Look forward to hearing from you.
Resource: In50hrs.com
Truth is, there are many many many ways to build a product. I'd also like to add that, there are some cases of people having no clue of who their users were, or what they wanted to build, and accidentally stumbling upon something that became big - really really big.
So why should one bother with a process? It's simple. Because we have parents.
If you are like me, you were not born into a business family where they didn't care what you are upto, till you came of age to take over the business. You are well educated, and your parents gave you their best - at times, beyond their means. Which means, you are probably trying to start a company with the promise that you'll get this up and running soon and there is probably a timer clicking.
For me, it was three months - that got extended to a year. If nothing worked in a year, I'd hang it up and go back to a job.
There in comes a need to systematically spot a problem, come up with a theory, and a solution, do an initial dipstick analysis, build a prototype, validate it with the customer and then try to build asustainable business around it.
Here's the first tip I'd give you. If you can build a business which makes revenue - and you decide not to take it right now, that's a different story. But no matter what anyone says, have that option to make revenue. if you don't think monetization early, and often - chances are, that your startup will never make money.
The problem first - solution next approach CAN give you an answer, and a product that can convert into business in the shortest timeframe possible. If you'd like to still gamble and go build another twitter or a facebook (and not worry about users, what they want or if there is even a market for the solution), this is where you'd drop off. No Hard Feelings, but I can only wish you luck and nothing more.
If you are still with me ... would love to hear what got you started as an entrepreneur and why you want to be one. That's always a great way to start - and to get to know you as well. Look forward to hearing from you.
Resource: In50hrs.com
