“We have to introduce a product with the idea that it's not going to live forever” - Paul Young In today's episode, host Rebecca Kalogeris and Pragmatic instructor, Paul Young, dive deep into a topic that often gets overshadowed by the glitz of product launches: the "sunset" or "end-of-life" phase of a product. They explore how understanding when to retire a product is as vital as knowing when to introduce one. Paul explains that every product has a lifecycle and will eventually need to be phased out. The speed of innovation in the technology industry is compressing these lifecycles, making it more critical than ever to have a plan for sunsetting products. There is no one-size-fits-all indicator for when to sunset a product, but Paul suggests several metrics to monitor. These can range from revenue and cash flow to the efficiencies a product creates or its alignment with a company's mission. Key Conversations:

Sunsetting a product is not passive; it requires investment and must be prioritized against other business activities.
Just like a product launch process, there must be a process for its end-of-life.
Metrics to monitor to know when sunsetting is the best next step.
End-of-life phases: "end of sale," "end of support," and "end of life.”

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Why Knowing When to End a Product is as Important as Knowing When to Begin