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The Pareto PrincipleAn 80-20 Path to Success
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Success Via Minimums• The Pareto Principle
• A minimum viable product
• Solving The Core Problem
• Finding Victory
• Avoiding Predictions
• Bootstrapping
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The Pareto Principle• 80% of the effort goes
into 20% of the solution
• AKA the 80-20 Rule
• Slim, Trim, and Avoiding extras
• Is 80 Enough?
• Not Cutting Corners
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Minimum Viable Product
• Solves the primary problem simply as possible
• Often a First Step
• Lowest Risk Approach
• Viability is key, must function
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Solving The Core Problem• Back To Basics, Define It Exactly
• Avoid any nice to have features
• Usability is still required, but may be limited
• Primary use case or user story
• An ATM Example
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Finding Victory• Avoid Cost of a long
project
• Declare wins and move on
• Feedback loop energizes
• Steady Progress
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Avoiding Predictions
• We do not know what we do not know
• Users give the best and most useful feedback
• A working demo is better than a vision
• Stick to what we know, refine the rest later
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Bootstrapping
• Build on what you have accomplished
• Use the MVP to draw users and involve them in building the final solution
• Options for revenue to feed to new features
• Risk of letting out IP but maybe worth the trade
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Final Thoughts• Use the 80/20 Rule to get to a product you can
demo/discuss
• Even better than clickable demos
• Embraces grabbing low hanging fruit first
• Might be the only option
• Questions? Comments?
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What We Learned• Done does not have to be 100%
• Less in a working product is better than more in one that is not
• We rarely know all the requirements
• We can cut our losses or build on a solid foundation
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Thank You!I appreciate your time and would love to discuss any
of this further. You can send questions, comments and suggestions through any of these methods.
• https://develpreneur.com/contact-us
• @develpreneur
• https://www.facebook.com/Develpreneur
Our goal is making every developer better.