Ian Landsman’s 4 Rules for the Practical Entrepreneur
Ian Landsman just wrote a great little piece outlining
4 criteria to evaluate a new product against
. I’ll take the bait and evaluate our new product in this context.
1. Fragmented Market
Pass - I’d say that the project management thru-the-web market is highly fragmented without one clear dominant vendor yet.
The desktop project management market is dominated by Microsoft, but we’re not competing with them
– rather, we complement them by integrating with them.
2. Business Before Consumer
Pass - we’re only targeting business. I can’t even imagine what a consumer-oriented multi-person project is.
3. Clear and Simple Revenue Model
Pass - we have a really simple table summarizing
our prices and product options.
4. Dog Food
Pass - we’ve been using our own stuff for a while now. And it really is great advice
– when we initially cut over to using our system, we found a bunch of bugs and missing features.
In summary, we pass all 4 rules!