The discovery phase of development in business is the first step in the rest of your company’s life, and it can be critical to your success or failure. During this phase, you take time to find out exactly what problems your potential customers have, and how they are currently solving those problems on their own. If you don’t get this part right, you will waste time and money working on a solution to a problem no one has, or that no one wants to solve.
Step 1 – What is your business problem?
What is your business problem? Does it seem like you’re stuck in a difficult situation? Can’t find a way to move forward? Have an idea but not sure if it will work? If so, you might need to take a closer look at what’s going on.
Step 2 – Why does it matter?
A discovery phase is a critical step in the process of starting a business. This phase is an important time to explore and discover the root cause of your problem with the goal being to identify its solution. This process can help you build a plan that will be more likely to succeed by narrowing down your focus and making sure that you’re solving the right problem. It also helps you learn how to create value for your customer and understand their needs, which is essential for any business on product or service development. Lastly, it will help refine your idea so it’s easier for others to grasp and bring into fruition.
Step 3 – Who else experiences the problem?
Find out who else experiences the problem. This is important because it can help you validate your idea and find potential partners, investors, or customers. It also helps you to know how to position your business so that it solves an actual need. Who are these people? What do they want? What needs do they have? How does your business help them? What will make them happy?
Step 4 – Do other startups solve this problem?
It’s important to find out if there are other companies that have solved this problem and what the success rates are. You may be doing something that has been done before, but you will want to know how well it was executed in the past so you can plan accordingly. There are a few ways to find out if another company has done it before; start by checking on Google and other search engines. You can also ask people around you who may have heard of a similar company or person who could have been involved in this type of business. Ask trusted friends, family members, and colleagues if they know anyone else who has started a company like yours or someone who is currently running one.
Step 5 – How can you get people to use your solution?
Now that you’ve figured out the problem your solution will solve, it’s time to figure out how people will use your solution. There are a few ways to go about this. First, you can do some research on user behaviour and talk to people about what they’re experiencing with the problem. Second, you can identify a group of potential customers and try different versions of your product with them.
Step 6 – What are your assumptions?
– When marketing a product, we assume that because it is marketed to a certain group of people, they will buy it (i.e. the product)
– We assume that our product will be successful because other similar products have been successful in the past
Step 7 – How can you validate your assumptions?
One way to validate your assumptions is by interviewing experts. Try asking them questions like What are the advantages and disadvantages of what I’m doing? and How can I improve my plan? This will give you a sense of how your idea is perceived in the world. For example, let’s say that you’re starting a cupcake bakery. You might talk to other bakers, taste testers, or even food critics and find out what they think about your idea. By talking to people who are knowledgeable about this kind of business, you’ll be able to see if your idea has any weaknesses before it’s too late!
Step 8 – Start validating your hypotheses
It’s important to validate your hypotheses before you start any serious design or development work. You want to make sure that people will be interested in your idea and that it solves a real problem for them. You may want to explore the following during this phase:
What is the definition of success for your new product? What does the solution need to do? Who are its customers or users? How will it solve their problem? What is the value proposition, or how does it deliver on its promise? How much do you think it should cost?
You can then use these answers as a guide when designing and developing your new product. If you’re creating something digital, then you’ll likely design an interface and/or an app around these answers.