This is my present to all daring peeps, who wrote world domination in their new year wishlist. ;)
You can use this step-by-step plan to develop any project, to clearly understand the phase you are currently on, and what tasks you should focus on. I created this plan as a part of making the roadmap for MapalaNet development. After making a more generalized version I decided to share it with you, because it might be of use for somebody.
It isn’t advisable to use this instruction as an action plan as is, please treat it more like a template, that needs some adjustment to fit the requirements of your project.
This plan is not some sort of business concept, or a chapter from a textbook, but is based on personal experience.
Plan was made for use with online project, so it might be biased towards that field, and might be lacking in detail, especially for the later phases. Still, with slight adaptation it can be successfully used for a conventional online business.
Plan does not answer the questions on what or how to do things, it is more of a checklist on the sequence that you should solve tasks and the things to focus your attention.
This is the step that you should pass without attracting investments.
Most of the projects die at this stage, before even being born. When you have an amazing idea, you are full of energy and enthusiasm about making it into reality, but with time this enthusiasm will vanish. It is important not to get stuck at this phase, find first like minded people, that you would share your idea with, and regular interaction. This will allow you to keep your enthusiasm and move forward.
If you were successful go to step 3, if not than there is something wrong with your idea. It isn’t engaging enough. Go back to step 1 and do more thinking.
There is no such thing as an ideal recipe to form a team, it is always quite complex and big undertaking. My opinion is that to form the core team it is important, that all the key participants share common values, vision of project development, and were mainly motivated by the idea.
In the industry of blockchain project, the market was formed in the last year in such a way, that even at this stem projects that have a clear concept, execution plan and a team, can attract significant investments.
The task is to create something that would be valuable to people, and they would like to start using it. Quicker and with less resources you are able to complete this phase the better. After unveiling your product you could measure the market’s reaction and not continue to live in the illusions of the coolness of your idea. And if the reaction is negative, you could change something with the feedback you get.
To attract financing into online-startup it is usually required to pass all those stages on your own up to creation of MVP.
If the market rejected your product, then we have to decide where to go back: redo the MVP, find new specialists, or even revise the idea. If the product was accepted then we move to step 5.
For the full testing of your MVP you need to bring it into contact with widest possible audience. Main thing is to reach out, and then get feedback from the required target audience, and only then you can draw the conclusions and decide what to do next.
You can reach this step and in different situations. Your main weapon is MVP, which was field tested, and proved to be needed by the market. This should give you energy to act further, as well as solid arguments for motivations of your team to continue working, and for investors to join the project. The most important thing is to understand and plan how are you going to reach monetization and project self-sufficiency phase.
In case of failure, decide where to go back to, or create new ideas and continue testing. In case of success we go forward to 7th stage.
Even if your MVP was successful with the target market, it doesn’t mean that it would be commercially viable. To find a successful business-model, start monetizing and not harming the attractiveness of the product is not an easy task.
If you’ve reached this stage I’m not the guy to give you advice))) I’ll write a new plan, once I reach this stage myself. ;)
