From Idea to MVP — Part 1

Too Long; Didn't Read

For a first-time entrepreneur who is eager to turn his idea into a Minimum Viable Product (MVP), a path to a quick and successful launch is not very clear. There are many aspects that need attention. In parallel to developing MVP, the founding team has to think about user acquisition and operational strategies. Founders typically fall into the trap of “<em>If you build, they will come</em>” and underestimate many aspects outside mere product development. Any successful venture needs as much focus on product distribution strategies and operations as developing a software for an App or a website. During the initial stages of a startup, most of the founder’s time should be devoted to talking to potential users while building MVP. First-time founders, especially coming from a tech background, sometimes get carried away with the nitty-gritty of product development and forget interacting with users till the MVP is completely ready. The MVP should be considered as a way to quickly validate your thesis with the focus on your users while minimizing your&nbsp;costs.