If you have an idea but feel stuck with where to start and implement the idea, here are the steps that would give you the nudge to list the action items and get into action. What are the steps for product development
In this digital era, we have tech-savvy customers who jump from one product to another in a jiffy. Hence we need to re-equip the momentum of our product development and its life cycle. Besides we can’t afford to lose to our competitors in innovation and novelty. Therefore it’s crucial to brainstorm and list out clearly the steps for product development.
Does your product have demand in the market? Does it provide any value addition to customers out there? And are they willing to pay for it? How can you improve your basic version of the product? What are the strategies you need to develop to market it and produce it cost-effectively?
In this video, Prasanna Krishnamoorthy answers the above questions using systematic steps for product development. He is Partner in Value Saas Catalyst firm Upekkha. He enjoys coaching young entrepreneurs and worked with Microsoft Accelerator. Moreover, he also authored various articles on start-ups, product management, and crafted frameworks for product-market fit.
This video is part of the Start-up 101 series, a handbook for all your start-up questions. They are a series of crisp, straight to the point solutions to all the possible queries. Here our start-up Gurus strengthens your basics, before maneuvering your way through nuances of startups.