The Daily Founder Day 036: Think Prototypes

Let’s build a prototype today! Why? Prototypes allow you to test if your ideas and assumptions are actually true. It saves you time and money to first build prototypes and test with them before building and designing your full product or service offer. Going on a prototyping journey gives you more confidence and actual data if it’s technically possible, if anybody would actually want it and how it should look like.

So let’s create one today.

I suggest to define 4 things for your prototype: First: The right question aka the hypothesis. Which assumption do want to test?

Secondly: Define the minimal feature set. What is the MINIMUM requirement, the cheapest and fastest way to get to an answer to your question?

Number 3: Design your experiment. Are you just testing if it can be done technically? Do you need two versions to show to people to see which one is better - an A/B test? Is it a questionnaire? Unleash your inner scientist and try to figure out which setup is best suited to give you the answers you need (not the answers you want!).

And for number 4: Define the success metric. How will you know whether your assumption is true or false? Define how you measure and at which number or result you’ll count it as confirmed or not.

Voila. This is it for Day 036 of The Daily Founder. Comment, like, subscribe and join the community group on austrianstartups.com Always be prototyping. Let’s do this.