You produce results: Learn from these

It’s nearly been a year since I joined Fruitful - a fintech startup that’s working to rethink how savers save and how borrowers borrow.

Since then we’ve been through a significant product redesign, a complete branding overhaul, a successful soft-launch and a customer response that has more than overwhelmed us. With customers saving with Fruitful from all over the globe, it’s clear that people are in search of an ‘alternative’ that offers fair interest rates, secured savings and the flexibility that we should expect from a modern savings product.

So as we venture into 2015, I thought I’d share a handful of the lessons that I’ve learned and have considered tattooing to my forehead.

Mostly product focused, take from this what you will:

Integrate Around Concerns

When working with a team of designers, developers and content people, there’s always a temptation to separate tasks by role, such as a ”design” todo list and a ”programming” todo list.

The problem with this approach is that it’s difficult to assess progress from separate to do lists or issue backlogs. On top of this, there’s an increased operational risk. Since the QA effort stutters, stopping and starting as each role’s to do list is completed, you run the risk of failing to test the feature as a whole.

Learning from this, we’ve formalised a workflow that integrates arounds concerns. Instead of organising around roles (e.g. design tasks, programming tasks), we organise around areas of concern (e.g. registration form, email receipts). As Ryan Singer puts it:

Marking one piece “done” is powerful because it requires design, programming, support and review to integrate around a specific point in the product.

Whenever a list is finished, it shows a piece of the product is ready to review and mark ”done”. It feels great to know one part of the product has no remaining contingencies. It’s ready to go.

Minimum Marketable Product

Give that I:

  • joined the project just after its inception and
  • had limited experience in the mortgage market and
  • was (initially) unsure of its legal and regulatory commitments

I failed to ask some important questions about minimum marketable product (MMP).

And yes, I prefer MMP as it underscores the importance of building something that is sought-after, by customers, (marketable) vs. something that is viewed merely as feasible, by the company, (viable).

On top of this, MMP forces you to:

  1. Think about the important areas where you should adding value (i.e. your differentiators) in conjunction with:
  2. Working hard to develop those areas, so that they reach a high level of finish, giving you a better opportunity to win the hearts and minds of your customers.

Given the choice, I’d always favour a good job of half, than a half-assed job of all. Much later than I should have, I noticed that as a team, we were stretched and chasing our tails to reach our fast-approaching launch date.

After some belated conversations about the product’s essentials, and a hash through our priorities, we were left with a much more slender view of our MMP. As a result, we were able to achieve a higher level of finish with features we developed, we were less stretched, and we shipped quicker.

In short: dream big, implement small.

90% + 90% does not equal 100%

The ninety-ninety rule lassoed us a number of times:

”The first 90 percent of the code accounts for the first 90 percent of the development time. The remaining 10 percent of the code accounts for the other 90 percent of the development time.”

Tom Cargill, Bell Labs.

In short: be very careful that you do not underestimate the time, effort and energy that the remaining 10% will demand from you and your team.

Deadlines are hard to reach. And they’re even harder when you mis-judge the magnitude of your plans.

Go broad before you go narrow

Common talk in the world of human-centred-design, but this is useful in most walks of start-up life.

When you have to make a decision, go far and wide with your ideas, no matter how daft or bizarre they sound. Superglue the Devil’s advocate mouth together while you go broad with your thinking. You never no what inspiration you might draw from this left field, brainstorming effort.

This method of thinking has helped us overcome some real challenges and produce far superior solutions and ideas.

Effective concepts often draw on multiple sources of inspiration and thinking, and this process will help you along your way.

Finally: on Venture Capital

“It’s all about burn rate, about burn rate, slow spending...

Fingers crossed I’ll find more time to write and share what I’m learning in 2015. I hope you do too.

Shortcuts you can't take

Last month Sage approached me asking if I could write an article on marketing for their small business community.

To narrow the context a bit, I concentrated on marketing websites. The outcome of which I'm really pleased with. The short post offers an insight into my past 5 years of researching, designing, building and iterating marketing websites for clients. What works / what doesn't; all brought to life with three tiny case studies from a few of my longstanding clients.

Entitled "The Shortcuts you can't take" the article points out how businesses can contribute, in volumes, to their bottom line by concentrating on adding value through content, design research and website investments.

Profit gives you freedom. Fingers crossed this short piece will help you along your way →

Our Duty

Firstly, think about what your pages do, not what they look like. Let your design flow from the services which they will provide to your users, rather than from some overarching idea of what you want pages to look like. Let form follow function, rather than trying to take a particular design and make it “work”.

For us wonderful folk who make websites, it's our duty to read John Allsopp's seminal A Dao of Web Design at least once a year. For an article that was written way over a decade ago, many of those points still offer so much significance today.

This is how you automate

Just received a wonderfully engaging / automated / interesting / human / polite / funny / direct / personal upgrade message (lots of oxymorons there, I know) from the folk at TeuxDeux. This is how automated marketing should be:

Dearest Tom,

It's been six months since the launch of the new TeuxDeux and we very much hope you've enjoyed it. Given how much you've been using it, it's our guess that you have. In fact, with 1846 items done since you've been with us, you are certainly among the most productive people on the planet!

As we mentioned in March, TeuxDeux is moving to a paid subscriptions service and it's almost time for you to decide whether you want to become a "true believer." You can subscribe here:

https://teuxdeux.com/#subscribe

Becoming a subscriber helps us keep TeuxDeux running, fix bugs, update our apps and, soon, shared lists! And that's just what's up next.

Before we go, we thought you'd enjoy a couple other fun facts about you & your TeuxDeux:

  1. The to-do that was on your list the longest that you finally completed was: "Complete e-Business models section" (1405 days)
  2. The to-do on your list the longest that you haven't completed... yet :) was: "Portfolio video" (193 days)

Don't worry. You'll get her soon.

Thanks so much for all your support. We love and appreciate you.

The friendly folks behind TeuxDeux