should you focus on speed or perfection I got a great question from one of my
I got a great question from one of my
I got a great question from one of my youtube viewers pack media who wrote in
youtube viewers pack media who wrote in
youtube viewers pack media who wrote in long comment basically saying developed
long comment basically saying developed
long comment basically saying developed an idea with the professor could have a
an idea with the professor could have a
an idea with the professor could have a huge impact professor saying wait make
huge impact professor saying wait make
huge impact professor saying wait make it perfect plan it all out before you
it perfect plan it all out before you
it perfect plan it all out before you launch and pack media wants to get
launch and pack media wants to get
launch and pack media wants to get started make it fast get it out there
started make it fast get it out there
started make it fast get it out there right now entrepreneur mindset and what
right now entrepreneur mindset and what
right now entrepreneur mindset and what do i do what should i do is a question
do i do what should i do is a question
do i do what should i do is a question so here’s the thing you want to embrace
so here’s the thing you want to embrace
so here’s the thing you want to embrace a genius at the end and do both and the
a genius at the end and do both and the
a genius at the end and do both and the best way to marry that concept is what’s
best way to marry that concept is what’s
best way to marry that concept is what’s called a Minimum Viable Product so this
called a Minimum Viable Product so this
called a Minimum Viable Product so this is a product that is good enough to get
is a product that is good enough to get
is a product that is good enough to get out there it’s not some crappy thing
out there it’s not some crappy thing
out there it’s not some crappy thing you’ve thrown together that nobody’s
you’ve thrown together that nobody’s
you’ve thrown together that nobody’s interested in because you have to go
interested in because you have to go
interested in because you have to go speed is good enough to make a
speed is good enough to make a
speed is good enough to make a difference but it’s not fully out
difference but it’s not fully out
difference but it’s not fully out researched everything planned out if you
researched everything planned out if you
researched everything planned out if you talk to academia and not the slammin
talk to academia and not the slammin
talk to academia and not the slammin academia but they’re very research
academia but they’re very research
academia but they’re very research driven right they want everything done
driven right they want everything done
driven right they want everything done if you look at what they have to do in
if you look at what they have to do in
if you look at what they have to do in their daily lives and create papers and
their daily lives and create papers and
their daily lives and create papers and journals everything has to be cited
journals everything has to be cited
journals everything has to be cited everything has to be perfect if you
everything has to be perfect if you
everything has to be perfect if you don’t have a great paper with everything
don’t have a great paper with everything
don’t have a great paper with everything excited you’re not going to get
excited you’re not going to get
excited you’re not going to get published so that’s the mindset they’re
published so that’s the mindset they’re
published so that’s the mindset they’re coming from but there aren’t too many
coming from but there aren’t too many
coming from but there aren’t too many academia who are great entrepreneurs so
academia who are great entrepreneurs so
academia who are great entrepreneurs so keep that in mind and where you’re
keep that in mind and where you’re
keep that in mind and where you’re getting your advice from I know you want
getting your advice from I know you want
getting your advice from I know you want to get out there and that’s one of the
to get out there and that’s one of the
to get out there and that’s one of the best ways to start getting feedback is
best ways to start getting feedback is
best ways to start getting feedback is start talking to your customers build it
start talking to your customers build it
start talking to your customers build it around their problems so think about
around their problems so think about
around their problems so think about what your minimum viable product is what
what your minimum viable product is what
what your minimum viable product is what does that look like you have a huge
does that look like you have a huge
does that look like you have a huge feature list and and we all have this in
feature list and and we all have this in
feature list and and we all have this in our business we all have a to-do list
our business we all have a to-do list
our business we all have a to-do list this big of things we want to add in
this big of things we want to add in
this big of things we want to add in things we want to make better think
things we want to make better think
things we want to make better think about the what needs to be in this
about the what needs to be in this
about the what needs to be in this product for people to start picking it
product for people to start picking it
product for people to start picking it up and finding value in it that’s what
up and finding value in it that’s what
up and finding value in it that’s what you launch with and launch as fast as
you launch with and launch as fast as
you launch with and launch as fast as you can with that product and get
you can with that product and get
you can with that product and get feedback because no matter how well you
feedback because no matter how well you
feedback because no matter how well you think you’re planning it out you’re
think you’re planning it out you’re
think you’re planning it out you’re never going to do a great job I was a
never going to do a great job I was a
never going to do a great job I was a victim of this in my business my first
victim of this in my business my first
victim of this in my business my first software company we had a great product
software company we had a great product
software company we had a great product okay was super easy to use is biotech
okay was super easy to use is biotech
okay was super easy to use is biotech software helping find curious
software helping find curious
software helping find curious in research for cancer and AIDS and
in research for cancer and AIDS and
in research for cancer and AIDS and diabetes and doing great work the thing
diabetes and doing great work the thing
diabetes and doing great work the thing that I spent a ton of time on and the
that I spent a ton of time on and the
that I spent a ton of time on and the thing that my development team spent a
thing that my development team spent a
thing that my development team spent a ton of time on we thought was really
ton of time on we thought was really
ton of time on we thought was really helpful really valuable super useful
helpful really valuable super useful
helpful really valuable super useful turns out that our audience didn’t
turns out that our audience didn’t
turns out that our audience didn’t really care about it they cared a little
really care about it they cared a little
really care about it they cared a little bit but it wasn’t great and my
bit but it wasn’t great and my
bit but it wasn’t great and my researchers the people on my team they
researchers the people on my team they
researchers the people on my team they were in the field right they knew this
were in the field right they knew this
were in the field right they knew this stuff it’s not like we’re just designing
stuff it’s not like we’re just designing
stuff it’s not like we’re just designing for some customer base that we don’t
for some customer base that we don’t
for some customer base that we don’t know about they were the customers and
know about they were the customers and
know about they were the customers and they built around something they felt
they built around something they felt
they built around something they felt was a need but we didn’t test it with
was a need but we didn’t test it with
was a need but we didn’t test it with the market and we ended up spending a
the market and we ended up spending a
the market and we ended up spending a ton of time on this feature that nobody
ton of time on this feature that nobody
ton of time on this feature that nobody really cared about where it could have
really cared about where it could have
really cared about where it could have been better spent on something else so
been better spent on something else so
been better spent on something else so if I had to make my great plan from the
if I had to make my great plan from the
if I had to make my great plan from the beginning what I think the product
beginning what I think the product
beginning what I think the product should look like that would have been in
should look like that would have been in
should look like that would have been in and a bunch of other stuff would have
and a bunch of other stuff would have
and a bunch of other stuff would have been in and we would have made a mistake
been in and we would have made a mistake
been in and we would have made a mistake because you can only really judge when
because you can only really judge when
because you can only really judge when you start talking to your customers and
you start talking to your customers and
you start talking to your customers and get their feedback and see if they’re
get their feedback and see if they’re
get their feedback and see if they’re willing to buy it or not you can have
willing to buy it or not you can have
willing to buy it or not you can have the greatest plan in the world but if
the greatest plan in the world but if
the greatest plan in the world but if nobody pays you then it’s a sucky plan
nobody pays you then it’s a sucky plan
nobody pays you then it’s a sucky plan and you don’t know until you get out
and you don’t know until you get out
and you don’t know until you get out there so don’t spend two years making
there so don’t spend two years making
there so don’t spend two years making this great plan only to find out that it
this great plan only to find out that it
this great plan only to find out that it doesn’t work on the flip side you need
doesn’t work on the flip side you need
doesn’t work on the flip side you need something that go and show people so
something that go and show people so
something that go and show people so start talking to them get out there make
start talking to them get out there make
start talking to them get out there make your Minimum Viable Product figure out
your Minimum Viable Product figure out
your Minimum Viable Product figure out what features you need to have in that
what features you need to have in that
what features you need to have in that product for people to be willing to try
product for people to be willing to try
product for people to be willing to try it out and then take their feedback see
it out and then take their feedback see
it out and then take their feedback see what they say and make your product
what they say and make your product
what they say and make your product better and what they suggest may be
better and what they suggest may be
better and what they suggest may be completely different than the roadmap
completely different than the roadmap
completely different than the roadmap you set up for yourself and that’s okay
you set up for yourself and that’s okay
you set up for yourself and that’s okay because you’re building it around people
because you’re building it around people
because you’re building it around people who are going to pay you and that’s
who are going to pay you and that’s
who are going to pay you and that’s going to be your lifeline and help you
going to be your lifeline and help you
going to be your lifeline and help you build a great company I know it’s a
build a great company I know it’s a
build a great company I know it’s a struggle I know as entrepreneurial you
struggle I know as entrepreneurial you
struggle I know as entrepreneurial you want things out quickly but you gotta
want things out quickly but you gotta
want things out quickly but you gotta balance speed versus perfection it’s a
balance speed versus perfection it’s a
balance speed versus perfection it’s a question I’ll keep coming back over and
question I’ll keep coming back over and
question I’ll keep coming back over and over and over again and the best way to
over and over again and the best way to
over and over again and the best way to solve it is building around your
solve it is building around your
solve it is building around your customers believe in good luck for those
customers believe in good luck for those
customers believe in good luck for those are you watching like the video thumbs
are you watching like the video thumbs
are you watching like the video thumbs up below thank you guys and I want to
up below thank you guys and I want to
up below thank you guys and I want to hear we have to think please leave a
hear we have to think please leave a
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comment below
comment below love seeing them they make my day
love seeing them they make my day
love seeing them they make my day everyday really a pile of the comments
everyday really a pile of the comments
everyday really a pile of the comments even if you’ve never left a comment
even if you’ve never left a comment
even if you’ve never left a comment today’s your day leave a comment please
today’s your day leave a comment please
today’s your day leave a comment please just saying you love the video or
just saying you love the video or
just saying you love the video or whatever you have to think and you have
whatever you have to think and you have
whatever you have to think and you have a question for your business leave it
a question for your business leave it
a question for your business leave it below I make a video response thank you
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below I make a video response thank you guys I’ll see you soon
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