Planning to launch a startup around a new software product? The Software Product Roadmap will help you ask the right questions, talk to the right people, and make the right moves every step of the way.
You’re probably in a rush to get your software built, but first you need to do two things:
Refine your idea
Raise some money
Both of those are complex—involving many smaller steps that need to happen in the right order. How do you know what to do first?
That’s where the Software Product Roadmap comes in. It’s a scientific approach to developing and maturing your product. For each step of the roadmap, you’ll create a hypothesis, then build an experiment to test it. If you get the results you want, move to the next step. If you don’t, pivot and repeat the step with another hypothesis (or kill the idea altogether).
The roadmap will help you start simply and invest the appropriate amount of time and effort on each step. As you progress through the phases, the cost of running an experiment increases, but so does the product’s viability.
For each step of the journey, I’ll outline some suggestions about what you should be doing, an approximate budget, and the types of people and/or organizations you should seek out.
Here’s a preview of where we’re going (click for a larger version):
This roadmap assumes that:
You have a great idea.
You have some money and time to get things bootstrapped, but you’ll also be raising money at some point.
You don’t have the required skills to create everything yourself.
You’re willing to take a scientific approach to mature your product.
You’re willing to listen to the market, kill bad ideas quickly, and double down on good ideas.
What Can This Roadmap Do for You?
1. Keep you moving forward
In my 15+ years in the software industry, I’ve interacted with a lot of startups across various stages of maturity. It’s easy for an entrepreneur to be “busy” without getting much done. Networking and sharing your ideas can be good, but those activities don’t move your product forward. Scientific, data-driven experiments do.
The SPR will help you focus on one step at a time. It’ll outline who you need to talk to and how you can test and improve your product idea. Entrepreneurs are always really busy. I want to help you be busy doing the right things.
2. Help you refine your idea
No matter how good your idea is, it still needs work. And now—before you’ve hired software developers at $125+/hour—is the time to make your mistakes. Now is the time to test and refine. This roadmap is a step-by-step guide to doing just that.
Think of the Startup Product Roadmap as the scientific method for maturing your product. During each step, you create a hypothesis, then build an experiment to prove or disprove your question. If you get the results you want, you move to the next step—testing your next hypothesis with more confidence and a more expensive experiment. If you don’t get the results you want, you pivot and repeat the step with another hypothesis (or kill the idea altogether).
The SPR helps you start simply and invest the appropriate amount of time and effort on each step.
Taking the First Step
Over the next three weeks, I’ll walk you through the three phases of this process:
Only build custom software if you are prepared to invest thousands of dollars into building and maintaining the software long-term. And only build custom software if it will make a big difference for your business or unlock a new opportunity to make more money.