Two-Priority Product Focus
Share
A framework for validating new business ideas by focusing only on two core priorities while actively avoiding everything else.
The Two Core Priorities
-
Priority 1: Validate if people want the product
- Pre-sell or get commitments before building
- Talk to potential customers
- Trust your gut instinct
- Test if people "love it" vs just "like it"
-
Priority 2: Establish repeatable customer acquisition
- Figure out where first 10 customers will come from
- Determine path to first 100 customers
- Validate if customer acquisition method is sustainable
- Test if marketing channels actually work
What to Actively Avoid
- Raising money
- Company culture
- Hiring
- Corporate structure
- Naming
- Branding
- Package design
- Everything else besides the two priorities
Key Implementation Principles
-
Must be "brutal" about focusing only on these two things
- People naturally gravitate to easier, less important tasks
- The two priorities are "embarrassing hard stuff"
- Need to actively avoid other activities, not just postpone them
-
Don't assume you're the exception
- Most should not skip validation steps
- Dangerous to think you're a "product visionary genius"
- Even with past success, focus on core validation
-
Signs of doing it wrong
- Hiring CEO coaches with just 2 people
- Focusing on culture before product
- Moving sideways instead of forward
- Doing everything except the two priorities
11:00 - 12:06
Full video: 58:19SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.