Startup Tips #2 – What Is Product-Market Fit
Date : March 6, 2021 By
Using customer development to maximize startup success.
Finding product-market fit is the holy grail for any startup. And not finding it is why so many startups fail. Achieving this goal can only be accomplished by applying the customer development framework before you begin building your product or service.
In order to find product-market fit, you must identify a significant customer pain.
Product-market fit means you have found a viable solution to a real customer problem at an acceptable price point. And while this is very difficult to achieve, every single successful company from McDonald’s to Facebook has found it. By applying the customer development framework to your startup, you are more likely to achieve product-market fit before you run out of money and resources.
Get my entire 57 lecture course and learn to take action, start doing customer development and build a business that lasts. Available on Udemy for only $29.99.