Building a product from scratch can be a challenging and risky endeavor, but it also offers a number of potential benefits. Perhaps the most significant benefit is the potential for breakthrough innovation. When building a product from scratch, there are no constraints or pre-existing expectations, which allows for greater creativity and the potential to create something truly unique and disruptive.
Another benefit of building from scratch is the ability to control the entire user experience. When building a product from the ground up, product managers have the opportunity to create a seamless and cohesive experience for users, rather than having to work within the limitations of pre-existing systems or platforms.
Furthermore, building a product from scratch allows for greater ownership over the product and its intellectual property. This can be especially important for startups and new businesses, which may not have the resources or market presence to compete with established players.
However, it’s also important to note that building a product from scratch also comes with a high level of risk and uncertainty. The process of research and development can be time-consuming and costly, and there is no guarantee that the product will be successful in the market. Additionally, creating something new and innovative can be a difficult task, and it may take multiple attempts before getting it right.