Searching for Product development tricks ? Every successful product was popular because it solved an existing problem. If your product isn’t solving a problem, then it becomes a piece of art — and probably not one that any galleries would be interested in. The problem has to be an existing problem, it has to correspond to a need which is already felt. It is much more difficult to convince people they have a problem they didn’t know they had than it is to offer them a solution for a problem they’re already aware of. Product marketers and designers will sometimes try to frame things that aren’t really problems as problems, but unless consumers agree about what they think their problems are, it will be hard to gain any traction with them.

Unless you’ve completely reinvented the wheel with your product, chances are there are some similar businesses to yours who have existed in the past or still exist today. Study the road they traveled to get to market and the path they followed afterward. Are there any mistakes they made you can find? Learn from them. Did they do anything really well? Learn from that, too, and apply it to your own business model. Time after time, entrepreneurs fail in the same way their predecessors did simply because they didn’t truly analyze the causes for certain errors and the effects. Experts like Jon Brody, the CEO and Co-Founder of Ladder, agree entrepreneurs must “learn the lessons of others.” Before you invest your life savings into your business, do the research to avoid common pitfalls those before you fell into. See more details at Launching a business.

Making decisions around these concepts will ultimately inform the process of creating each specific brand element such as your logo, website, social media pages, signage and/or packaging. Prioritize brand elements most important to your key customer base. Keep in mind that just because the typical startup template dictates getting a logo, website and business cards first, that may not make sense for every type of business. And because time is literally money when you’re an entrepreneur starting out, you need to focus first and foremost on the touchpoints that have the capacity to drive revenue and sales. While nearly every company needs a basic logo and some sort of web presence, it could be that your Instagram page or even Linkedin profile supercede the need for a full-blown website in the first six months out of the gate if these are where your customers are most likely to find and vet you. Or perhaps business cards are “nice to have,” rather than a “must”, at least at the beginning. Choose and prioritize according to your needs rather than tradition.

Start-Up advice of the day : Surround yourself with the right people: Networking is a means to an end—you need to establish who is worth your time and who isn’t. Don’t underestimate the value of someone useful, and similarly, don’t underestimate the destructive potential of someone who isn’t. Be dedicated to work: Launching a startup is not like having a regular 9 to 5 job—if you want to avoid failure, you have to be prepared to fit your life around work. It may seem like working for yourself will mean better hours, but to be successful, you’ll most likely be going way over the standard 40 hour work week. On the bright side, whatever results from your hard work is entirely your own. Source: https://www.petermanfirm.com/.