"Focus means saying no, not saying yes. If you spread yourself out over too many things, none of them will be great." — Greg Joswiak, VP of product marketing, Apple Inc
Are you still a startup? A startup is defined as an organization that has not yet found product-market fit. You probably have a product—or maybe a couple of products. But the business hasn’t been able to achieve scale. You’ve tried random acts of development and marketing. But the results aren’t consistent.
By this definition, some decades-old companies are still startups.
One company told me they had 12 customers in 12 market segments. Each with their own special requirements.
Go back to the basics. Products solve problems for personas. So, who are you trying to help (that is, what type of person)? What problems do they have that you can solve? Does your product completely solve those problems? Is your solution materially different from alternative solutions?
And the real challenge is to focus on the needs of one set of personas and meet most of their needs before you start exploring new markets and new personas.
That’s the essence of managing products. To make your business results repeatable, find a problem; solve a problem; tell people.
When do you need a product manager?
A product manager drives from idea to product.
A product manager identifies friction for the people who use your product, and works with development and services to design programs (or features) to reduce that friction.
You need a product manager when the daily company-related duties of the president or founder leave little time for managing the product. A product manager keeps everything documented, keeps it current, and keeps everyone informed.