teamfurther

[teamfurther]

Last time we shared an article about MVPs. Here comes the next part: https://gofurther.digital/en/blog/posts/11-ways-to-build-an-mvp-pt2?utm_source=tumblr&utm_medium=referral&utm_campaign=promoting

[teamfurther]

Startups are inherently facing a lot of uncertainty. But how can you reduce this level of uncertainty? You should formulate what assumptions must be proven correct for your product to succeed and then test these assumptions with users. This process is called validation. An MVP (minimal viable product) is a version of a product with just enough features to be usable by early adopters, who can then provide feedback on it. Read the article for a selection of the most useful ones: https://gofurther.digital/en/blog/posts/11-ways-to-build-an-mvp-pt1?utm_source=tumblr&utm_medium=referral&utm_campaign=promoting

[teamfurther]

WHAT ARE HYPOTHESES IN PRODUCT DEVELOPMENT?

Every idea, product development or business plan is accompanied by a vision. Thanks to today's modern technologies, the question most often is not whether these visions are achievable but if they are worth achieving. If you're familiar with lean product development or design thinking, this train of thought won't be foreign to you. But how do you know whether an idea is worth pursuing or not? The lean product development framework starts by breaking down your vision into its elements. These elements should be formulated as hypotheses or assumptions, which should be in turn tested in small, iterative batches. Read the full article to learn more about hypotheses in product validation: https://gofurther.digital/en/blog/posts/what-are-hypotheses-in-product-development?utm_source=tumblr&utm_medium=referral&utm_campaign=promoting

[teamfurther]

THE LEAN PRODUCT PROCESS: #4 ACHIEVING PRODUCT-MARKET FIT

With this article, we have arrived at the last stage of the lean product development process: the product-market fit stage. In this stage, we are looking to prove that our business model will be sustainable. Please feel free to read it if you are interested! :) https://gofurther.digital/en/blog/posts/the-lean-product-process-pt4?utm_source=tumblr&utm_medium=referral&utm_campaign=promoting

[teamfurther]

THE LEAN PRODUCT PROCESS: #3 CREATING YOUR PROTOTYPE

In our latest post, we briefly described the process of proving problem-solution fit, which you can achieve by: 1.) formulating your value proposition based on the user pain points discovered in the problem validation stage. 2.) testing and tinkering your value proposition until you receive positive reinforcement from your users. Your next step will be searching for a solution-product fit. As the name implies, you will look to prove that your product efficiently delivers the already validated solution. If you receive positive feedback for the assumptions above, you can proceed to the last stage of product development, the product-market fit stage. You can find the full article here: https://gofurther.digital/en/blog/posts/the-lean-product-process-pt3?utm_source=tumblr&utm_medium=referral&utm_campaign=promoting

[teamfurther]

THE LEAN PRODUCT PROCESS: #2 FORMULATING YOUR VALUE PROPOSITION

Previously, we determined what assumptions (problem hypotheses) you need to answer in the problem validation stage, and we also talked about the available tools to test these assumptions. Your next step will be proving the problem-solution fit. You will do this by: 1.) formulating your value proposition based on the user pain points discovered in the problem validation stage. 2.) testing and tinkering with the value proposition until you receive positive reinforcement from your users Read our article to find out more: https://gofurther.digital/en/blog/posts/the-lean-product-process-pt2?/utm_source=tumblr&utm_medium=referral&utm_campaign=promoting

[teamfurther]

THE LEAN PRODUCT PROCESS: #1 UNDERSTANDING YOUR CUSTOMERS

Greetings everyone, I would like to share the second part of our article series. This one's about problem validation and customers, please feel free to read it if you are interested! :) https://gofurther.digital/en/blog/posts/the-lean-product-process-pt1/?utm_source=tumblr&utm_medium=referral&utm_campaign=promoting

[teamfurther]

Validation is a crucial process in product development: it can make or break your business. However important it is, many business owners skip it entirely. Don't be one of them, read our article here: https://gofurther.digital/en/blog/posts/validation-in-product-development?utm_source=tumblr&utm_medium=referral&utm_campaign=promoting