On this year's edition of #WorldProductDay, I want to share my #ProductStory of how I took a 40% pay cut in order to learn more & grow my impact in the product management space.
Some years ago, I took a job as a Lead Product Manager about 3 years into my product management career.
The pay was good.
The people were nice.
The office has a good culture.
But I left after just 3 months.
I wasn't learning anything.
My idea of product management was not in alignment with theirs.
They wanted to grow their software business but wasn't ready to do "really" do it...
It's like wanting to move on but still holding on to your ex.
At the end of the day, I had to prioritize learning over earning.
It was not an easy decision losing 40% of your monthly salary.
Looking back, it was one of my best career decisions.
At the beginning of your career, I encourage you to prioritize learning over earning.
Learning is a skill that compounds.
Learn a valuable skill. Seek out means to practicing that skill.
The term MVP was first coined and defined by Frank Robinson in 2001.
Eric Ries & Steve Blank helped popularize it.
MVP is a version of a product with just enough features & functionalities to be usable for early users who then provide feedback for future versions.
It is NOT an incomplete product.
It is NOT a product with only functionalities.
It is NOT a product with only aesthetics.
Essentially, with a minimum viable product you are trying to:
* test your hypothesis
* minimize resource wastage
* get your product into the hands of your first "evangelists"
* build your brand and increase name recognition
* arrive at product-market fit faster!
Project Management is the function that focuses on planning and driving the completing of assignments/tasks (i.e. projects) while managing time, budget and scope