Achieving Product/Market Fit
In today’s saturated market, simply creating a product or service isn’t enough to guarantee its success. Many businesses struggle to gain traction and end up being abandoned. Only a small percentage of products achieve significant success, while others fall into the category of modest success or failure. This phenomenon can be explained by the Pareto principle, also known as the 90/10 rule. Vilfredo Pareto, an Italian engineer and economist, observed that the majority of effects are caused by a small number of factors....