If you asked anyone on the street to spell out the acronym MVP, you’re going to get “most valuable player” almost every time. However, those who happen to be entrepreneurs or owners of promising startups might answer “minimum viable products.” What do entrepreneurs think of when they say MVP? What is it and why has it become necessary today? The Common Misconception Before we delve deeper into the world of MVPs, let’s first look at …
Eleanor Roosevelt succinctly summed up the importance of creativity in these famous lines: Great minds discuss ideas; average minds discuss events; small minds discuss people. She was right, but if all you have is a great idea, you’re in for a rude awakening. Execution is key. Startups are often built by people with little technical know-how, but they surround themselves with the right people. Having the right technical resources on your team is crucial. Luckily, …
Having a Hard Time Finding Software Developers for Your Startup? Read More »
The IT industry has the highest failure rate for startups. And a large portion of those failures are due to their Minimum Viable Product (MVP). Despite this fact, some 1.3 million tech startups throw their hat into the ring every year. It seems there isn’t enough alarm about the possibility of failure. If there were, more people would rely on the advice of those who succeeded. There isn’t a magic formula that will guarantee success, …
7 Things Startups Should Avoid When Building an MVP Read More »
In today’s competitive environment, it’s a process to take an idea from inception through gestation and, eventually, to realization. The bar is set higher for startups that don’t have a solid concept which can stand up to scrutiny. This means it’s also more important than ever to make sure you’re working with something unassailable. The odds are that many other startups have already released a minimum viable product (MVP) that solves the same problem as …
Build MVPs and Validate Startup Ideas Without Code Read More »
What’s a Minimum Viable Product (MVP)? So, what exactly is an MVP? You can find a lot of definitions for MVPs on the Internet. For starters, one article said that even experts are confused as to what an MVP is. Well, personally I’d like to use Wikipedia’s definition since I find it the most agreeable and less confusing. Basically, a minimum viable product is a product with just enough features to satisfy early customers. These …
A Little Confused? Minimum Viable Products in Simple Terms Read More »