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Stage Required To Complete Minimum Time

The document outlines 9 stages of developing a business concept from idea to profits, including the minimum time required to complete each stage. The earliest stages such as the initial idea and market research can take minutes to a few hours. Developing a prototype through a single use case can take a weekend. Moving into the program stage involves designing, testing, and implementing for all use cases and takes 2-4 weeks. Later stages like product development and establishing the full business can span months before the goal of achieving profits over 1 year or more.

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Bodhayan Prasad
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53 views

Stage Required To Complete Minimum Time

The document outlines 9 stages of developing a business concept from idea to profits, including the minimum time required to complete each stage. The earliest stages such as the initial idea and market research can take minutes to a few hours. Developing a prototype through a single use case can take a weekend. Moving into the program stage involves designing, testing, and implementing for all use cases and takes 2-4 weeks. Later stages like product development and establishing the full business can span months before the goal of achieving profits over 1 year or more.

Uploaded by

Bodhayan Prasad
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Stage Required to complete Minimum time

Idea Napkin drawing of billion dollar concept 1 minute


Market Research Market sizing estimate (top-down & bottom-up) 2-4 hours
Mockup Wireframe with all user screens 1 day+
Prototype Ugly
Cleanhack
codethat
thatworks
worksfor
forsingle
all usemajor
cases,use case
with 1 weekend+
Program tests
Design, copywriting, pricing, physical 2-4 weeks+
Product components 3-6 months+
Business Incorporation, regulatory filings, payroll, . . . 6-12 months+
Profits Sell product for more than it costs you to make it 1 year-∞

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