Keys to a good replacement

When looking at developing a replacement for a current product or service here are 4 factors to consider

More

Better

Faster

Cheaper

More – Does it provide more of whatever you provide? More space, more opportunity, more something

Better – Is it better than what is currently out there?

Faster – Does it allow the end user to get things done faster?

Cheaper – Is it cheaper than the competition

If you can answer yes to at least one of these, you have a chance. If the answer is no to these, you might want to reconsider the offering

Have a great day!

Lawrence

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