Investor Connect Podcast

Product Development Plan

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Here’s a checklist for launching product development for your startup:

Research the industry for trends and competitors in the space.

Talk with prospective customers about their pain points.

Consider not only the product to be built but the revenue to be generated.

Build out several Minimum Viable Products or MVPs.

Plan out a product roadmap from beta, to versions 1, 2, then 3.

Consider your intellectual property strategy.

Consider the platforms and coding language you will use.

Think through the product architecture so you can grow it later.

Make the development in-house or out-of-house decision.

Figure out the costs to develop and the funding needed.

Setup your development process to code the solution.

Test out the interfaces with users.

Track the metrics of your development process.

Launch your first version of the product.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Direct download: Product_development_plan.mp3
Category:general -- posted at: 5:00am CST

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