Challenges of online money transfer startups

online money transferThe existing money transfer players – Western Union, Moneygram, banks – have no incentive to innovate because online money transfer model will significantly change their existing mostly cash based walk-in business model. It’s very unlikely that any innovation will come from them. For example, it will significantly disrupt an agent network for Western Union. Even if they have technologies, resources and ideas the existing money transfer giants hold it back. It strongly reminds of Kodak – the company, which invented digital camera but hold it back being afraid that digital technology will affect its film based business. Continue reading

How to do estimates in product management

product management estimatesHow would you estimate how long will it take to have build something, an app or a website? It’s easy to do the estimates based on historical data – if you’ve done already something similar before a few times. However, if you are building something not done previously it’s relatively hard to do the estimates. Continue reading

Product Management Roadmaps

product roadmapRoadmap provides an overview how the product develops over time and adds new features and functionality. To build a roadmap Product Manager considers business requirements, market trends and engineering constraints. Once the roadmap created, it should be shared with the team so everyone is on the same page, ideally online so if there’s any changes the team will get the updates. Continue reading

How to communicate with developers as a Product Manager

developers communicationThe engineers love to have lots of details. So it’s a good idea to be very detailed when talking to engineers or emailing them. The engineers are always thinking about software and how what you’re saying may or may not work. What happens if the app doesn’t have connection to the internet? What would be the error state if something goes wrong on this page? What happens when no data is available to display on this page aka empty state? Continue reading

How to prioritize features

prioritizing featuresPrioritizing features, user stories and epics is one of the main day to day duties of anybody doing product management. It’s important to have set up a proper way of prioritization so that’s your team is building the most valuable features for the users and the most beneficial features for the company. Here are a few methods of prioritizing features. Continue reading

Rottweiler

Rottweiler is the most stereotyped and misrepresented dog breed. I have a very nice and friendly one called Lima or officially Lima Von Vasfor because she’s a purebred. She’s part-time fitness instructor, part-time therapy dog and part-time house guardian.

Rottweiler Lima portrait

This infographic below, designed by my dear wife, is dedicated to Lima. This well designed and sleek infographic focuses on the Rottweiler breed, as well as facts and trivia. Continue reading