Product discovery: 6 questions to answer before developing a software

It can be difficult to get started on building a new product. In the midst of your needs and
desires, it’s easy to forget what the steps to building anything are, particularly if you’re new
in the space.
 A lot of entrepreneurs try to figure it out just by trial and error because they believe that it’s
a fast way to create something. It may indeed be faster in some situations, but you cannot
achieve your goal without first identifying the problem that you are solving, creating a
hypothesis, and then testing those hypotheses in real-world scenarios.
Here are few questions to ask before developing a software product:
1.      What do we want the software to do? (The user story)
The first step in building software is to determine what it should do. This is often referred to
as the “user story.” The user story should be brief and to the point, but it should also be
specific enough that it can be measured and tested. It should not be a “what if” or an opinion,
but rather something that needs to be written down so it can be tracked throughout the
development process.
A good rule of thumb is to break down your user story into small steps that are easy for
someone who has never seen or used your product before to understand. For example, if
you’re building a website that allows users to submit their resumes and send them directly to
potential employers, your user story might look something like this: “The user wants access
to their resume so they can send it directly to potential employers.”
2.      How will it be used? (The business case)
The business case is a very important part of the whole process. It shows you how your idea
will be used and what problems it will solve.
It’s a good idea to start by thinking about how your solution will be used by someone who
doesn’t know about your idea. This is because people usually have different reasons for
wanting something, so it’s best to know what they are before you start designing it.
You can use this exercise as an opportunity to find out what people actually want from their
products and services, rather than just assuming that everyone wants the same thing.
3.      Who is going to use it? (The target customer)

You need to understand who your customers are. Are they people who have the problem that
your software is going to solve? If so, then you have a clear direction and goal. If they don’t
have that problem, or if they have a different one, then you will probably be working on
something very different.
Another consideration is whether or not the users of your software are likely to be interested
in sharing their data with you. If so, then you’ll need to figure out how to get them involved.
4.      What Information Must I Store?
Decide on a database before you start developing. Additionally, you must be aware of the
kinds of data your application will store in the present and the future before choosing a
database.
Here are some examples of the different types of data you may need to take into account to
give you an idea of how complicated this seemingly straightforward response can be:
·        Big data
·        Comparing structured and unstructured data
·        Quantitative vs qualitative
·        Real-time data
·        Time-stamped data
You can require a very particular database depending on the kinds of data you have. You can
lose time and resources if you hurriedly choose a bad system.
5.       To What Regulations Must I Adhere?
There may be some restrictions you need to take into account depending on your sector,
location, or users. Failure to plan around these rules could result in fines online, a user
decline, or expensive lawsuits. As evidenced by the NDPR, a Nigerian regulation called the
Nigeria Data Protection Regulation mandates that businesses disclose how they gather, use,
and store customer data. Additionally, it mandates that businesses implement adequate
technical and organizational safeguards to secure customer information and privacy. A fine
may be assessed for noncompliance with the NDPR
6.  How much money will I make from selling this software? (The project ROI)

If you’re going to build a software product, it pays to think about how much money you’ll
make from selling it. And not just in the first couple of years of its life—but for the lifetime of
the product.
What Taxtech Offers
At Taxtech, we offer unrivaled ability in all parts of computerized and mobile
transformation, from procedure and ideation to development and conveyance. Our services
incorporate Full Stack Development, Testing, and Consulting.
We render services without compromising on schedule or quality. We also have solutions
that have been developed and deployed in the management of taxes, pensions, payroll, and
other related services.
For any inquiries, send an email to; contact@taxtech

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