Startup Funding Espresso Where to Start Your Product Development
Where to Start Your Product Development Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. It\u2019s important to have a product development process for your startup. Here\u2019s a list of what startups should do to get started: Focus on the customer's pain.\xa0 Find that which is critically important and not just nice to have.\xa0 Do it better than the competition.\xa0 Don\u2019t be just slightly better, be way better. Use the SCAMPER model to ideate new product concepts as follows: Substitution -- use a different material, ingredient, or interface. Combine -- put multiple components together. Adapt -- make it easier for the user. Modify -- add one new feature to an existing product. Put to another use -- take an existing solution and apply to a new application. Eliminate -- remove unnecessary features or intermediaries. Reverse -- approach the problem from the other direction. It\u2019s important to know your customers and then spend time with them to validate the proposed solution. \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 .