You are previewing Running Lean, 2nd Edition.

Running Lean, 2nd Edition

Cover of Running Lean, 2nd Edition by Ash Maurya Published by O'Reilly Media, Inc.
  1. Running Lean: Iterate from Plan A to a Plan That Works
  2. Dedication
  3. Praise for Running Lean, Second Edition
  4. Foreword
  5. Preface
    1. Safari® Books Online
    2. We’d Like to Hear from You
    3. Attributions and Permissions
  6. Introduction
    1. What Is Running Lean?
      1. Why Are Startups Hard?
      2. Is There a Better Way?
      3. What Will This Book Teach You?
      4. Is This Book for You?
      5. How Is This Book Organized?
    2. About Me
      1. Why This Book?
      2. Field-Tested
    3. Disclaimers
      1. Practice Trumps Theory
      2. There Are No Silver Bullets
  7. I. Roadmap
    1. 1. Meta-Principles
      1. Step 1: Document Your Plan A
      2. Step 2: Identify the Riskiest Parts of Your Plan
      3. Step 3: Systematically Test Your Plan
    2. 2. Running Lean Illustrated
      1. Case Study: How I Wrote Iterated This Book
  8. II. Document Your Plan A
    1. 3. Create Your Lean Canvas
      1. Brainstorm Possible Customers
      2. Sketching a Lean Canvas
      3. Now It’s Your Turn
  9. III. Identify the Riskiest Parts of Your Plan
    1. 4. Prioritize Where to Start
      1. What Is Risk?
      2. Rank Your Business Models
      3. Seek External Advice
    2. 5. Get Ready to Experiment
      1. Assemble a Problem/Solution Team
      2. Running Effective Experiments
      3. Applying the Iteration Meta-Pattern to Risks
  10. IV. Systematically Test Your Plan
    1. 6. Get Ready to Interview Customers
      1. No Surveys or Focus Groups, Please
      2. But Talking to People Is Hard
      3. Finding Prospects
      4. Preemptive Strikes and Other Objections (or Why I Don’t Need to Interview Customers)
    2. 7. The Problem Interview
      1. What You Need to Learn
      2. Testing the Problem
      3. Formulate Falsifiable Hypotheses
      4. Conduct Problem Interviews
      5. Do You Understand the Problem?
    3. 8. The Solution Interview
      1. What You Need to Learn
      2. Testing Your Solution
      3. Testing Your Pricing
      4. Formulate Testable Hypotheses
      5. Conduct Solution Interviews
      6. Do You Have a Problem Worth Solving?
    4. 9. Get to Release 1.0
      1. Product Development Gets in the Way of Learning
      2. Reduce your mVP
      3. Get Started Deploying Continuously
      4. Define your activation Flow
      5. Build a Marketing Website
    5. 10. Get Ready to Measure
      1. The Need for Actionable Metrics
      2. Metrics Are People First
      3. Simple Funnel Reports Aren’t Enough
      4. Say Hello to the Cohort
      5. How to Build Your Conversion Dashboard
    6. 11. The MVP Interview
      1. What You Need to Learn
      2. Formulate Testable Hypotheses
      3. Conduct MVP Interviews
    7. 12. Validate Customer Lifecycle
      1. Make Feedback Easy
      2. Troubleshoot Customer Trials
      3. Are You Ready to Launch?
    8. 13. Don’t Be a Feature Pusher
      1. Features Must Be Pulled, Not Pushed
      2. Implement an 80/20 Rule
      3. Constrain Your Features Pipeline
      4. Process Feature Requests
      5. The Feature Lifecycle
    9. 14. Measure Product/Market Fit
      1. What Is Product/Market Fit?
      2. The Sean Ellis Test
      3. Focus on the “Right” Macro
      4. What About Revenue?
      5. Have You Built Something People Want?
      6. What About the Market in Product/Market Fit?
      7. Summary
    10. 15. Conclusion
      1. What’s Next?
      2. Resources
  11. A. Bonus Material
    1. How to Build a Low-Burn Startup
    2. Why Premature Fundraising Is a Form of Waste
    3. How to Achieve Flow in a Lean Startup
      1. The Conflicting Pull for Time
      2. Creating Daily Flow
      3. Creating Weekly Flow
      4. Eliminating Software Waste
    4. How to Set Pricing for a SaaS Product
      1. What About Freemium?
      2. The Problems with Freemium
      3. How to Approach Freemium
    5. How to Build a Teaser Page
      1. How to Write a Sales Letter
      2. How to Create a Teaser Landing Page
    6. How to Get Started with Continuous Deployment
      1. Commit
      2. Test
      3. Deploy
      4. Monitor
    7. How to Build a Conversion Dashboard
      1. How to Collect Data
      2. How to Visualize Your Conversion Dashboard
      3. How to Track Retention
  12. Index
  13. About the Author
  14. Copyright
O'Reilly logo

Chapter 8. The Solution Interview

Test the solution with a “demo” before building the actual product.

What You Need to Learn

Armed with a prioritized problem list and an understanding of existing alternatives, you are now ready to formulate and test a solution.

You will start by double-checking your learning from the Problem interview, then look to test the following additional risks:

Customer risk: Who has the pain? (Early Adopters)

How do you identify early adopters?

Product risk: How will you solve these problems? (Solution)

What is the minimum feature set needed to launch?

Market risk: What is the pricing model? (Revenue Streams)

Will customers pay for a solution?

What price will they bear?

Testing Your Solution

The main objective here is to use a “demo” to help customers visualize your solution and validate that it will solve their problem.

Most customers are great at articulating problems but not at visualizing solutions.

I use the term demo loosely to mean anything that can reasonably stand in for the actual solution. The assumption here is that building the “full solution” is time-consuming and could lead to waste if you build the wrong solution or add unneeded features. You want to build just enough of the solution (or a proxy, like screenshots, a prototype, etc.) that you can put in front of customers for the purpose of measuring their reaction and further defining the requirements for your minimum viable product (MVP).

For software products, mock-ups and videos are a great way to “demo” ...

The best content for your career. Discover unlimited learning on demand for around $1/day.