142. Courage to Commit: Exploring Product Entrepreneurship

Product Coffee

Kevin and Lou explore the similarities between product managers and entrepreneurs. They discuss the opportunities for PMs to explore entrepreneurship as a side hustle and the challenge of deciding when to commit to an idea fully. Lou shares his experience with starting three tech startups with varying degrees of success and his current situation with two side hustles: a physical product called Cole's Cup Clips and a service called South Park Spa Works. He talks about validating hypotheses for both businesses and using his experience as a PM to improve the product and service. They also delve into the speed and cost of product development and the importance of scaling the business, discussing the steps involved in the process from prototyping with a 3D printer to manufacturing at scale with injection molding. They also discuss the challenges of distribution paths and supply chains and how to lower the cost per unit.

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