Day 4: Project Planning & Motivation
Focus, Organization, Project Planning
These are the hallmarks of how I work. So, first up, over the weekend, was getting a basic project plan in place.
Of course, none of this matters without the basic concept for a company. My original thoughts, based on what I keep doing for my consulting clients, was to combine blogging, wikis, and web 2.0 concepts into a tool useable for a sales and marketing team as their fundamental CMS system. There were only 2 basic problems: first, the competition, especially Ross Mayfield’s SocialText. Second, and most important, it wasn’t really interesting to me. Lack of motivation goes a long way to killing a concept.
I discussed my predicament with my informal advisor network, and came to the conclusion that I really needed to work on something that was very interesting to me. Motivation is everything!
So, I’ve finalized on the basic concept and the basic company. Which allowed me to put together the basic project plan. The next 4 weeks are going to be spent developing a finite understanding of the overall market, the competitors and their products and positions.
Next up is developing the entire industry value chain and understanding exactly where in the chain we want to play. This will allow us to develop a business that’s in a profitable portion of the value chain, and to develop a profitable business model. From there, we’re going to develop the MRD/PRD and first product specs.
Now that I know what industry and basic product, I’m happy, motivated, and making forward progress.
Tags: Adventure