Startup Funding Espresso Product Challenges
Product Challenges Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are many challenges in developing, launching and maintaining a product.\xa0 Here\u2019s a list of challenges to consider: Choosing what product to build. Look for customers with unmet needs and build for them. Choosing your ideal customer. The ideal customer is the one you chose with unmet needs. Understanding customer requirements. You need to talk with fifty customers to fully understand their needs. Building the minimum viable product. You should be able to build it in less than six months and sell it in six months. If you cannot build it in that timeframe, then you are scoping it too large. Finding product/market fit. Look at the customer\u2019s work to see what else your product should be doing for them. Building the follow on product. Look at the support issues coming in from the first product and use that as a basis for the second product. There are many challenges in product development but these are the most common ones to look for. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .