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The big thing I have learned with all of this, a fully fledged product often takes much longer, like six months or a year longer, to get to a good state than yo
by ldjkfkdsjnv 4y ago
The big thing I have learned with all of this, a fully fledged product often takes much longer, like six months or a year longer, to get to a good state than you would estimate. The pressure of no income while working on your idea is not too bad, until you go 6-9 months with nothing released. This is a huge factor in people failing. You need comfort to build something good without fretting about money/time. Cutting corners to get it out the door doesnt always work. I think the idea of the "lean" MVP is overplayed, some businesses take alot of time and software development to get right
- s1k3 4y agoIt’s certainly true that you should launch something as soon as is reasonably possible. This is so you can get into a customer feedback loop and start iterating on the product to improve it and build a better product with actionable information. However, how long it takes to build a reasonable MVP depends on a whole lot of factors, like existing competitors, target audience, scope of product, industry, etc etc. some simple saas products can take only a few weeks to build, but if you’re in the aerospace industry a prototype will take years if not more.
- altdataseller 4y agoYes, the actual product development takes a long time. But you're not even close to done when you have an actual product. Now you need to market/sell it (which hopefully you started doing while you were building it). And even when you have customers initially, it usually takes 2-4 years for you to build momentum, build trust, build a brand, such that the revenue becomes meaningful. It's almost impossible to go from $0 to 6 figures in revenue in a span of a year.