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This video is part one of a series of seven videos created by Anthony Rose, Founder and CEO of SeedLegals, who’d like to share his thoughts, advice, mistakes, and learnings from his extensive career in startups, so that you can avoid the same mistakes and get off to a running start when creating yours.
You have an idea, but is it a good idea? Is there a need for the app or product that you’re keen to create? Buy and read The Mom Test – it will give you the tools that will enable you to ask the right questions to determine whether your idea is good or not.
What’s the next step? How do you go about product development? Companies fill a spectrum of approaches from the apocryphal “Steve jobs way” to the “Google way”.
Both these extremes can be replaced by Lean Startup Thinking.
Lean Startup Thinking: Have an idea and then test it. The idea is to fail fast and fail cheaply. Failure is just fine as long as your product fails before you build it!
But how do you help fail an idea before you invest too much into it?
Another recommended book is Inspired: How to Create Products Customers Love. Read this as well as The Mom Test and The Lean Startup and see how you can test an idea before you spend money building it.