Should I Have A Formal Business/Company Plan In Place Before I Start Marketing?

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It’s essential to get a minimum viable product out and not wait until everything is perfect before marketing and selling.
 
Many entrepreneurs have a tendency to want everything perfect before launching their product, which is understandable. However, the reality is that perfect doesn’t exist, and chasing perfection can result in missed opportunities.
 
By focusing on creating a minimum viable product, you can get your product to market faster and start collecting valuable feedback. This feedback is critical as it can help you iterate and improve your product, making it even better over time.
 
You can use this feedback to make data-driven decisions about what features to add or remove, which can help you build a product that your customers love. Additionally, getting your minimum viable product out there can help you establish a customer base, generate revenue, and secure funding.
 
Waiting too long to launch can result in missed opportunities and lost revenue.
Of course, it’s important to ensure that your minimum viable product is of at least a pretty decent quality and meets the needs of your target audience. But remember, you can always make improvements over time. And a trick that we use is that we let our audience know that we’re always improving the product or service so please inform us if they see something amiss.
 
In conclusion, getting a minimum viable product out there is critical to the success of your business. Don’t wait until everything is perfect before marketing and selling. Launch your product, gather feedback, and continue to iterate and improve. You’ll be amazed at how much you can learn and how much your product can grow by following this approach.
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