#28 Understanding customers to find product/market fit - with Jim Semick Founder @ProductPlan

Jim Semick works for more than 20 years in Product Management. About 8 years ago he was looking for the next big challenge in his life. He quit his full-time job with two kids and no clear business idea. What he had back then was a great and motivated co-founder as well as the vision to make Product Managers' lives easier.  In this episode, Jim talks about the importance of having a clear vision of how to build a company with your co-founder before you even have a business idea. Next to that, Jim shared what he did to identify a problem that was worth solving which later translated into his company ProductPlan.    Table of content: 0:30 - Intro Jim Semick 3:40 - From Product Manager to founder 6:20 - Evaluating & entering markets 13:45 - Dealing with uncertainty as a founder & former PM 15:30 - 30 in-depth customer interviews 17:20 - Bootstrapping instead of raising money? 19:50 - Reducing uncertainty the lean way 25:50 - Making the first hire to build a new product 28:05 - Why you don’t need to raise money 33:00 - Two things you should know when you’re working on an idea    Jim on the internet: Website: https://www.jimsemick.com/  Jim's books & articles: https://www.jimsemick.com/writing/ ProductPlan: https://www.productplan.com/ Linkedin: @jimsemick Twitter: @jimsemick   ✩ Follow The Product Bakery Podcast ✩    👨‍💻 Linkedin: Product Bakery    📸 Instagram: @productbakery    🐦 Twitter: @productbakery20    🌍 Website: https://www.product-bakery.com/

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Are you currently working in a Product Company or even considering starting your own? In this Show, Design Manager Alex Dapunt, and Product Coach Christian Strunk are bringing people from all product functions together to talk about the key to build successful products customers love. This involves everything from Product Management to Design as well as Development and Marketing, breaking down traditional silos around these functions and fostering an open dialogue between them. Tune in for weekly interviews, discussions, and best practices that help you understand the whole product process.