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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.
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.
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.
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-∞