Properly Creating a Minimum Viable Product Spec: The Foundation of Success

Keyword is "Minimal". Less is more.

We are continuing our core Launch Roadmap. Teaching you everything you need to know from vague wish to develop a product into real action, launch and revenue.

If you haven’t yet make sure you take a good look at the roadmap list most specifically looking at How to Generate an Actionable Idea & How to Pick Out the Right Dev Strategy.

Today we will be covering the art of spec’ing a Minimum Viable Product. This step is critical to success because it is going to determine how efficient you are in your operations.

Most Critical Key to Success: Prudence. What Is It?

Before we start, I want to highlight a foundational principle. The concept of prudence or sound decision making. I am not personally a fan of Tai Lopez however, I think he gives a succinct and thorough explanation of the concept of prudence (14:17-15:45):

TLDR: Prudence or the ability to make the right decision is THE biggest key to success. You can expend 10,000 times the energy working hard based on a bad decision or you can make the right decision and work smart.

Ford beats Ferarri in a race every time if Ferrari doesn’t know where the finish line is.

Why Does It Matter?

To be an entrepreneur you have to be OK with risk. But at the same time, working smart makes a huge difference.

You are early in your journey so you have the chance to get on course and minimize later rework & wasted effort.

Prudence & making good decisions on your MVP’s spec is going to be the difference between :

A) Getting traction in one or two tries and

B) Wasting 3 years of your life banging your head against a wall and giving up.

Starting the Spec