This document discusses a new framework called the PARAG Product Persona for successful software product development. The PARAG Persona focuses on four key traits for any software product: Profitability, Adaptability, Risk Management, Alignment with Organizational Goals. It argues that defining a persona for the software product itself can help product owners and managers focus on the attributes needed for customer adoption, market penetration, and long-term sustainability. The document outlines considerations for each of the PARAG traits to guide product development and measurement.