Customer Discovery
Customer development starts with customer discovery, which begins with identifying the initial need that can be solved. Market forces are dictated by what the public does and doesn’t demand, so any startup hoping to succeed must address an unaddressed public need or create an alternative solution that improves upon an existing one. Some startups already have a product idea in mind, and in this case, they must work backward to discover what needs their current software can fulfill. After that, startups must make assumptions about how their product may fare in the business environment, what the product dependencies are, what minimum requirements the product must meet, and what management changes are required.
Customer Validation
Customer validation involves making assumptions about what a potential customer may need from a solution and building a customer development strategy around that. Doing a market assessment is a great way to get an idea of what the public is most concerned about and how best to fulfill their current needs. This step will further help startups understand the unmet needs in the market or the needs that can be better served given existing solutions.
Company Creation
In this step, companies can begin developing their solutions and ensure that they meet customers’ needs. Their job is to create a solution that will best fit the customers’ desires. Developers must question which markets are most apparent and then address them all with their answers. Sometimes the need that needs to be addressed is entirely different from the initial assumptions about it. Once the solution is complete, it can be delivered to the public.
Company Building
The relationship between customers and startups doesn’t stop with releasing their solution to the public—it should be an ongoing relationship. To support and satisfy future needs, startups must build an organization with the ability to address these needs. Customer feedback is essential, and solutions like surveys can help give startups an idea about how the public feels about their solution. They should have the ability to update software that no longer satisfies the customer’s intended needs. In turn, they should continually be reevaluating if their software is genuinely measuring up to expectations.