From the course: Becoming a Product Manager: A Complete Guide

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Create a formula for your MCS

Create a formula for your MCS

From the course: Becoming a Product Manager: A Complete Guide

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Create a formula for your MCS

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- Alright, so we have both sides of the equation outlined, and we've identified both the things we are trying to affect. We've also identified the things that it will cost if we actually decided to go full steam ahead and build out whatever our wildest dreams have in store. Now you at home that are bright probably already know that whatever experiment we run, we need the potential upside probably to outweigh the cost. And since we're setting our line in the sand of success in one specific spot, we needed to identify at what point does the benefit outweigh the cost, and that's how we figure out that line. So let's just do that. I suggest starting on the left hand side first, so we know exactly what we're spending to make this happen. The left side also is in general easier to calculate cause it's based off of cold hard facts whereas the right side is a little more speculative. Now for demonstration purposes, let's say we…

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