III. ACTION PLAN: BUILDING A MINIMUM VIABLE PRODUCT
This action plan provides a scientific approach to creating and managing startups and get a desired product to customers’ hands faster. The method teaches you how to drive a startup-how to steer, when to turn, and when to persevere-and grow a business with maximum acceleration. It is a principled approach to new product development.
Too many startups begin with an idea for a product that they think people want. They then spend months, sometimes years, perfecting that product without ever showing the product, even in a very rudimentary form, to the prospective customer. When they fail to reach broad uptake from customers, it is often because they never spoke to prospective customers and determined whether or not the product was interesting. When customers ultimately communicate, through their indifference, that they don’t care about the idea, the startup fails.
You will leave this class with a finalized Minimum Viable Product, 3 months milestone, weekly tasks, and scrum task board for they daily process.
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