Managing longer development cycles effectively involves several strategies:
1. Milestone Planning: Break down the development process into manageable milestones. This helps in tracking progress and making adjustments as needed. 2. Stakeholder Communication: Keep stakeholders informed about the progress and any potential delays. Transparent communication builds trust and sets realistic expectations. 3. Flexible Funding: Ensure that you have access to flexible funding options. Venture capitalists and angel investors often understand the need for extended development timelines in innovative ventures. 4. Iterative Testing: Employ an iterative approach to testing and development. This allows for incremental improvements and early identification of potential issues.