What is a product spinout and why should you consider it? We talk about the benefits and compare various growth strategies for companies.
Even if you have a product concept, the first step is to explore ideas to begin logically measuring opportunities. Watch how we develop new ideas.
To develop a great product and drive it to success, you must develop the right positioning to entice audiences with why and how the product will deliver for them.
One of the most important aspects of product development is building a fantastic team and determining a model to sell your product.
When building a product, the approach to operations and handling all your legal requirements is easily put behind writing code and selling but is very important to success.
Do you bootstrap your new product or raise capital - neither is easy and there is no right answer.
Now is the time to figure out how to sell your product - there are several common models as well as different ways to acquire customers.
One of the biggest challenges founders or spin outs have is to prioritize what features to build.
As you explore your product ideas, it is important to deeply investigate your market to understand the competitors and opportunities.
Once you have determined some ideas for product spin outs, there are logical ways to evaluate what the best opportunity is.
The opportunity is for organizations to look for products that can enhance their offerings while creating new revenue or products that can scale beyond their current clients without the need for parallel labor expansion.
There are two things required to reach a destination - first to know where you want to go, but second to also know where you stand today. It's true, if we asked Google maps to direct us to Pittsburgh, but it had no idea where we were then it could not show us the path we need to take.