Version 1.0 ... of any project

Here's a concept I got from Derek Sivers: Version 1.0

In short, Version 1.0 is the bare minimum of your big idea or project.

When you start a project or go after a goal, dream big.  Write it ALL down.  What you want it to look like at it's very best.  Every bell, every whistle.

Then find the single most important feature of your big plan.  The ONE thing that no one else does or the ONE thing that makes your customers (clients / bandmates / fans) lives better, happier, easier.  This is what you want to get out into the world quickly.

WRITE THIS DOWN. IT SHOULD BE ONE SENTENCE.

All the rest of the features (bells, whistles, switches, levers, buttons) of your big idea come later.  Not now.

Next, get out there and build Version 1.0.  Delegate and hire people to make it happen.  Make damn sure you stick to Version 1.0.  It will be cheaper and easier to find help if you keep it simple.

*Further reading: the Hedgehog Concept by Jim Collins in his book Good To Great.