After seeing the amazing tips here, I want to set a clear action plan for myself. So I consumed all YC's stuff and structured it to one 5-minute action a day. Join here if interested in the experiment(free).

This video is pure gold, and encapsulates the core philosophy I write about regarding product development. Launch fast, learn fast, iterate fast. Don't spend a year planning and building - get something to the market fast, and start learning. The faster you learn, the more likely you are to build something that people love before anyone else. Tips for building an MVP: 1. Give yourself a deadline. 2. Write down your specific features. 3. After you write it down, cut out the features you don't need. Get the basic stuff out first. 4. Don't fall in love with your MVP. It will change over time - fall in love with your user instead. Get those initial users, care about them, and work with them. If you solve their problems, you will build a great product.

Rob Fitzpatrick wrote a book called 'The Mom Test', which explains how to get honest and useful feedback from anyone - even your mom, who doesn't want to hurt your feelings. People say that you should never ask your mom about whether your business idea is good, and that's true. But the real truth is, you shouldn't ask anyone whether your business idea is good - or atleast not directly. That question invites people to lie to you - when your responsibility is to uncover the truth. You do that by asking good questions. What you want is to gather is concrete facts about your customers lives and world views. This is what will allow you to improve your business. And you do that by never talking about your idea. This may seem weird, but that's how you start asking better questions, and finding out what people care about. You talk about them and their lives. The Mom Test: 1. Talk about their life instead of your idea 2. Ask about specifics in the past instead of generics or opinions about the future 3. Talk less and listen more It's called The Mom Test because it leads to questions even your mom can't lie to you about. If you do it properly, the person you're speaking to won't even know you have an idea. Here is are examples from the book: - "Do you think it's a good idea?" Bad question. Only the market can tell if your idea is good. Everything else is just opinion. Unless you’re talking to a deep industry expert, this is self-indulgent noise with a high risk of false positives. Rule of thumb: Opinions are worthless. - "Would you buy a product which did X?" Bad question. You’re asking for opinions and hypotheticals from overly optimistic people who want to make you happy. The answer to a question like this is almost always “yes”, which makes it worthless. Rule of thumb: Anything involving the future is an over-optimistic lie. - "How much would you pay for X?" Bad question. This is exactly as bad as the last one, except it’s more likely to trick you because the number makes it feel rigorous and truthy.