From experience, I know how easy it can be to over-engineer a feature nobody actually wants, or succumb to the sunk-cost fallacy and continue down the wrong product path for too long. To counteract these mistakes, you need to build a habit of constantly questioning your decisions - of keeping the bigger picture in mind. … Continue reading Are you building the right thing?
Tag: business
Leading vs. lagging indicators in business and in life
"If you can’t measure it, you can’t improve it," is common business wisdom. It is especially important advice for startups searching for product/market fit via the build-measure-learn feedback loop, a major part of the Lean Startup ethos. Build something. Measure its effect. Learn what worked, what didn't. Repeat. The ability to execute this loop quickly … Continue reading Leading vs. lagging indicators in business and in life
