The Business of Product Finale with Mike Reynolds, CEO of Innovatemap

Business of Product

Mike Reynolds revisits the big idea behind our show: why the business of product is never just about the product. As the co-founder & CEO of Innovatemap, a full-service digital product agency in Indianapolis and NYC, Mike explores from decades of personal experience what it takes to build a successful product business. Spoiler: Doing so takes so much more than a good product idea. In today’s environment, Mike explains that success hinges on knowing which ideas are worth building a business around. This episode will give you the roadmap you need to make that big decision.

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Takeaways:

• It might be easier to become an entrepreneur; it is NOT easier to be one.
• Building a business requires going beyond product ideas.
• Seek product experts to build the right business around your product.

Things To Listen For:

• [1:30] What founders need to consider after finding their product idea
• [2:00] How to think about product-market fit and product differentiation
• [2:30] When to balance building your product with promoting your product
• [3:30] The pros & cons of more entrepreneurs coming from specialized industries, not just tech
• [6:00] Why you need a team of product experts to advance your business—and what to look for when building one of your own
• [8:00] The difference between becoming and being an entrepreneur
• [11:00] Mike’s predictions for the future of digital products & business