Value creation is the backbone of a viable business. Value is created when the right people, launch the right product, using the right business model, at the right time, for the right people. We call this product-market fit. We have the best chance of succeeding in the marketplace when all of these factors are aligned. Each one plays an equally important part in the viability of a business.
It’s no good making an incredible product that nobody wants to buy. But it’s equally important to discern who you can deliver value to and serve best. Just because someone has the money to pay for your product doesn’t mean they are your right customer.
Thriving businesses are the result of product-market fit. Happy founders and fulfilled teams are the result client-business fit. Successful businesses do great work for good customers. The pickier you are about the work you do and the clients you serve the better.
