The Commercial Viability Framework
De-risking Your Hardware Innovation
What Makes Hardware Hard
- The Build Trap: Build is expensive. You’re worried you might spend your limited runway building a product that the market doesn’t want.
- The Funding Catch-22: You need traction to get funding. You need funding to generate traction.
- The Development Fog: There are lots of features you could develop, but you don;t have clarity on what is essential for launch.
Why a Sprint First Approach?
Before building anything, we create a strategy focused on generating traction. This process strips features and technology back and asks: “What is your user proposition, and how can we test it”. This is about flipping the traditional development process on it’s head and building on what is essential to generate Evidence of Demand that investors and stakeholders need.
A structured 4-step process to validate demand and define your product before committing to technical development.
01. Problem Hypothesis
Understand exactly who you are serving, and why they should care?
Identify ‘bleeding neck’ users and early adopters. Not someone who could use your product. The ones who are crying out for it! We identify assumptions about users, and what we need to test through direct engagement.
Outcome:
- Understand who you are designing for
- Gain clarity on the specific, painful problem you are solving
- Define what to test, and with whom
02. Value Proposition
Translate this problem into a clear proposition of your solution.
A direct translation of the problem space into an opportunity which you can clearly communicate to stakeholders. This is the first step in linking your product features and specifications with the problems directly experienced by users.
Outcome:
- Create a clear vision of the value proposition for your users
- Understand how your technology links directly to their problems
03. MSO Specification
What is the most efficient way for us to deliver this outcome to test demand?
‘A Minimum Saleable Offering’ (MSO) is a definition of the most efficient way we can deliver the proposed outcome to a paying customer. It might involve a service, a prototype or a product launch. Crucially, it allows us to test demand at the earliest opportunity.
Outcome:
- A clear roadmap to your first paying customers
- A vision for how you can deliver your proposed outcome
04. Execution Roadmap
An immediate action plan to execute the strategy
A strategy is one thing. But we don’t stop there. We create a bespoke execution roadmap to help you execute it. We identify critical risks and define technical activities necessary to ensure your plan can be executed quickly and effectively.
Outcome:
- Identification of key development risks
- Actionable mitigation strategies to address risks
- Technical development actions to enable the deployment of the ‘MSO’.
Strategic Interventions.
1. Sanity Check
A free 30-minute session to explore your current barriers, critical risks, and possible next steps. Start with the Readiness Diagnostic to identify any gaps, and receive bespoke feedback in a follow-up call.
2. Strategy Sprint
An intensive 1:1 designer-led strategic sprint to create a clear roadmap from your understanding of the problem through to your first paying customers.
3. Execution
Continued support to help implement your roadmap. This can range from weekly coaching, direct design implementation, to develop concepts and detailed designs to fractional design support for growing start-ups.
Bridging the gap between brilliant hardware and global impact.
info@peopleplanetproduct.co.uk
Phone
(+44) 7432 787 405
Bridging the gap between brilliant hardware and global impact.
info@peopleplanetproduct.co.uk
Phone
(+44) 7432 787 405