The Startup Journey

In a Medium blog , Mitchel Harper  shares his thoughts on what makes great products. 1. BFBC - Build For your Best Customers They bring you most revenue and are willing to pay for upgrades and newer products. Give a higher weight age for their feedback. 2. Solve Tier I Problems Tier I - One of top 3 problems of potential customers . If  you are solving a Tier I problem you will have the Customers' attention and budget spend. The rest are Vitamins - "nice to have fixed" problems. 3. Build 'simple to understand' products Design is your most important feature. Every time the user experience is great, a startup's revenue grow like weed. 4. Make a cupcake Most startups try to build the wedding cake (the big final product) on their first iteration instead of starting small with a cupcake, then turning it into a cake (based on customer feedback) and then finally into a wedding cake (again, based on customer feedback). 4. Prioritize Customer Feedba...

  Nilesh Bhojani has some advise on the best practices in Yourstory : Plan to spend at least a couple of hours on product development every day – answering queries from the development team on detailed requirements, reviewing and testing  progress, thinking about the next set of items to be built, reviewing and testing what has been done so far, and so on. If the product to be built is complex and the development team is bigger than 2-3 members, you might have to spend even more time. If you can’t commit that kind of that time, you must hire someone who understands the domain and someone you can trust – this person can be a bridge between you and the development team. If the development team is remote, this person should be local to you and he/she needs to have the authority to make day-to-day product decisions. ...Also, the development team working on the project usually notices a number of things that can be done different or better and this could be valua...