3 Important Questions
- What is this product trying to do? Am I trying to change the world, or is this just something to pay the bills?
- Is this product new, or an iteration of a pervious product?
- What determines the success or failure? At what point am I done; at what point do I give up.
Most people will ask themselves at least one of these questions at the start of a new venture. But it is important that we ask all three. A combination of these answers can reveal a lot about your business model.
You might have one approach if you are “trying to change the world” and your product is new; however, if your product is just an iterative idea, things should change. New products often take longer to make a serious impact. You cannot expect a new product to catch on overnight, so your failure point should change as well.
Define your product, design your product, deliver.
…the strategy still takes forever. The strategy is the hard part, not the tactics.