In this episode, we dive into the lessons learned by Charles Engelen, a seasoned product designer, facilitator, and innovation consultant from building 166 MVPs, exploring why failing in a startup can be a valuable experience, how creating new products is like fishing on Lake Geneva, and the best strategies for maintaining your composure while moving at breakneck speed. Join us for actionable insights and inspiring stories from an experienced innovator who knows the highs and lows of the startup journey.In this episode, you will learn:1. Understand Your Audience: Charles emphasizes the importance of knowing who you're building your product for. It's not just about having a great idea; it's about solving a problem for your target users.2. Fail Fast, Fail Cheap: Adopting an iterative approach allows startups to learn quickly and pivot when necessary. Embrace failure as part of the learning process.3. Balance Vision with Reality: Innovation is key, but it needs to be paced. Introducing radical changes too quickly can lead to resistance and failure. Incremental improvements can often be more effective.4. Money Matters: While passion and purpose are crucial, financial stability and strategic funding are essential for sustaining a startup. Be frugal and strategic with funds. 5. Work-Life Balance: Charles shares his routine of spending quality time with his children and taking breaks to reset his mind. It helps in reducing stress and gives you a fresh perspective on things.Homework :1. Talk to the Fish and Fishermen: Talk to people, talk to users, and conduct at least 100 user interviews to understand your audience deeply. This will help refine your idea and align it with real user needs.2. Reset Routine: Plan regular breaks from your routine to reset and gain fresh perspectives. Whether it's a short trip or just changing your environment, breaking the routine can help you recharge and refocus.Charles's LinkedIn : https://www.linkedin.com/in/charles-engelen/

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