Why should an entrepreneur consider developing a brand strategy while the product or service is still incubating. Or being built out? Perhaps, even before the product requirements document is complete.
Here’s why. Because startups are targeting people. Targeting buying publics. And while product requirement documents are built for engineers, a brand strategy is created to meet the needs of those willing to part with their hard-earned.
Most entrepreneurs are also consumers. But it’s not their day job. If it weren’t for nerdy tech entrepreneurs we wouldn’t have Bitcoin and Etherium. We’d have banks with more robots. So I love nerdy entrepreneurs. But what I am counselling here is to have your product requirements doc but also a brand strategy — built upon customer care abouts and brand good-ats. Only then can you begin to measure true demand and effectiveness.
I’ve worked at a startup. I have worked with a number of startups. And I am currently advising startups. Makers and builders love product requirement documents. It gets the cash flowing. It gets the there there. But without an “organizing principle for product, experience and messaging,” your startup is likely to become a Give-up.