73. Adding New Products - Good Idea or Bad Idea For Your Business?

This is a really common question we get when we are working with Product Bosses: should I add more product to my business? This question creeps in from every stage from start-up to 5-figure to 6-figure and above. First of all, great question. Second, it is always really tempting for everyone. In this episode, we chat about three key areas that you, as a Product Boss, should consider before adding a product to your existing line. Walk through these three things and check (and verify) if adding a product is indeed right for you and your business. -- Connect with us on Instagram: @theproductboss  Get into The Product Boss Facebook Group and connect with other product-based entrepreneurs. -- We know you have BIG goals. But, do you have an action plan? An Action Plan created with the help of actual product experts? That's where we come in. Spend the day with us Planning Like a Product Boss. It's a virtual planning day where we coach you to a Big 30-Day Goal, alongside fellow product business owners. We’ll help you break it down, work backwards, and identify real action items. We'll set clear success metrics to get you motivated and keep you unstuck The best part is: you walk away with a 30-Day Action Plan. Spots are limited. Sign up today at: www.theproductboss.com/planning. -- Minna's company Lil' Labels Jacqueline's company Designer Consulting Co-Op