Read below what you need to put your venture on solid grounds.
Product
Results
Positioning and Strategy - framing why are you here, who are you clients, and what is the problem you are here to solve
Product Roadmap - substantiated, prioritized and waste-free, based on client value
Product Development Process - solid, with elements from Lean Startup and Design Thinking, tailored to your situation, and addressing the key risks of your venture
Avoid
Staying too vague
Being opportunistic rather than strategic
Confirmation bias when doing MVPs and prototypes
Developing ineffective things means lost time and effort you would have needed elsewhere!
Organization, People and Money
Results
Milestone Plan for Investments - unlock funding stepwise based on achievements
Recruiting Plan - based on a substantiated strategy and a capacity plan
Team Structure - efficient setup, based on offerings and client value streams
Avoid
Overfunding
Hire too many people
Functional silos with own agendas / incentives
Vague responsibilities
People with fuzzy roles drag on the productivity of the entire team!
Culture
Results
Value Map - values and practices that make a difference, derived from client value
Responsibility Map - empowered teams for maximum performance
Communication Plan - nurture intrinsic motivation by keeping people in the know
Avoid
Inconsistencies between words and actions
Declaring a culture with "wishful thinking" values
Inconsistent leadership kills the motivation of your team!
Delivery Management
Results
Development Process - tailored, efficient, with effective feedback loops and checkpoints
Focus Map - define what matters, put side projects on the side
Governance Plan - define who, when and how to check the real state of affairs
Avoid
Trust silos to deliver
Trust that things will magically fall into their place
Vague deliverables
Not following-through
Staying in the comfort zone will not get the job done!
Technology
Results
Key Requirements - identify where tech is a differentiator, and where a commodity
Decision Process - pick the most productive choice
Risk and Technical Debt Analysis - know what to have on the radar
Avoid
Expensive hobbies
Opinion-driven decisions
Technology is too important to be a silo for the engineers!
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