Seeing it: A guide to understanding your product or service’s life cycle

In my lifetime, I have already seen so many amazing things be created and developed. When it comes to understanding a product or a service, you must understand it from start to finish. Although we may not know exactly how it ends, we must (at least momentarily) have the end in mind. Even before we start, we are starting the process because even the beginning takes planning. The beginning starts with the end in mind, so really, the beginning starts from envisioning the ending.

This brief guide is intended to benefit any of those who are planning a business venture. These ventures do not have to be financially interested or even profitable to be successful. To be successful, you will follow a very few simple rules. I have them listed out chronologically to be done, refined, and refinished. If done with persistence, you will visit the rules more than once.

  1. Define the GOOD (product or service?)
    1. Product is tangible, perishable, or non.
    1. Service is result oriented work.
  2. How long should it last?
    1. Measurable (Days, Months, Years, Forever, ETC.)
  3. Will your customer return?
    1. Why?
    1. How?
    1. If not, will your venture end or change?

Answering these questions exploit the very fundamentals of what it takes to make a successful operation. If you can answer these questions, the next questions are who can invest and how soon!

Remember, failing is not the end. Persistence and Perseverance triumph over failure.