Week 4 - Ascend your Startup
Last week, we reviewed principles of formulating and executing a plan to bring a new product to market, focusing on the MVP, or minimum viable product. We already talked about the features and attributes that denote an MVP, so I won’t delve into that one again. We’re all assuming that we didn’t run into any production or presentation glitches (Yay!) and that the material goods or services were well-received by the targeted consumer population (Super!). So, our hypothetical startup has experienced some market success – the logical next step is to expand toward the demand ceiling, right? No. Full stop. The referenced text ( Ascend your Startup , for those not following along) identifies this point as another critical friction or failure point for budding businesses. I can totally see why someone would ride their own hype wave into a poorly thought-out expansion strategy. You’re sitting on cloud nine with a great initial roll-out and want to jump toward your end-state goals immedi