Working on a new product can take an immense amount of planning and dealing with challenges before you even get started designing! What are the one or two most significant challenges you faced when putting your product together? Was it finding suitable funding? Deciding who you would work with or anything else.
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Covid xD
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The hardest thing for me was to say no to another "great feature" I wanted to add to the mvp. This killed many of my ideas even before I showed it to anyone.
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@feriforgacs Totally agree with this. Momentum is very important you just need to release it and take it from there.
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Make the business plan, budget the feasibility study, find a good business model
Choosing between innovation and reducing adoption friction!
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Marketing. We are both technical founders so we had to split up and one had to learn how to market a product, while one focused on building
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@dylan_merideth I'm working on improving my marketinng skills as well. I must say it has not been easy so far.
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- Get to make sure a product market fit
- On behalf of choosing what to do for products, choosing what to not do is important.
- It is scalable?
=> I am a non-technical person so I tend to focus on the market, users/customers and strategies.
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My main challenge has always been that I'm a non-technical founder!
Things take a lot longer than you expect, getting funding/investment often increases this as at that point you'd likely be looking at moving away from MVP or first versions of things and into more robust builds of your project.
Finding the right people! I've been blessed with my team, but I often hear horror stories of teams not working well together. Spend time finding good people, that work well together. This can make product development super fast, and easy. I'd take a lower skilled team-player over a highly skilled but arrogant person any day of the week.
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Before you start planning, you must clearly understand what goals you want to achieve, what and who you need for this, and how much time it can take to implement. If you have an idea about this, you can roughly estimate how much funding is needed. And already based on this, you can understand where or from whom you can find financial support.
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Zefi.ai
Sahha