MVP, or minimum viable product, is the most basic form of your future project. It is greatly simplified and often doesn’t possess all the functions and features that it will have in its end form. MVP is released to the market to get feedback from the customers, assess its advantages and drawbacks and build a productive structure for future web development.
MVP is the most common and reasonable form of technological startups. It helps check the audience response, correct your marketing strategy according to its feedback, and see the budget you really need for the full version of your project.
Many young entrepreneurs choose this way of starting their businesses due to a number of reasons:
If a startupreneur doesn’t have a very clear vision of what functions to include in the end version of the project, MVP and the following analysis of market may help him or her to define them.
Minimum viable product is the least resource-consuming tool for validating the economic feasibility of a business idea. It also serves as the basis for the ultimate endorsement. Both in this role and as a cyclical process of testing a business idea, it may be of great help for young entrepreneurs who want to implement their ambitious and innovative ideas.
Many forward-looking ideas die on the implementation stage. The process of development might take years, bringing additional new functions and numerous add-ons. Moreover, things may become even worse, as the product appears to be unclaimed.
The best solution is to pilot your new idea on the MVP (minimal viable product) version to assess its effectiveness and demonstrate to potential investors. By the way, such approach contributes to rational budgeting and your focus on the demand for the startup.
OF THE TEAM
No matter how great an idea is, the majority of startups wind up before the product hits the market. One of the main reasons is the absence of the team that is able to embrace the project and make it happen. To design something is just half of the road. Without smart implementation, control and suitable tools of development even the most ambitious plan will fail.
WEBCASE is ready to invest all its experience and knowledge to become your reliable partner and bring your ideas to life.
When the demo version of startup is done and you start getting feedback from potential users, the vector of development may be changed fundamentally, and all members of the technical team should be prepared for that.
When our team of professionals start working on the project, it is divided into some modules (blocks). Development of each module (block) takes fixed amount of time (sprint). The development process is controlled by the professional project-manager, who can quickly inform the team of the client's changes.
At the end of each stage we provide the client with a working piece of the product. The client may alter requirements specification to be implemented during the next sprint. Such approach not just allows to find all the problems, but to add adjustments, changing the startup development vector.
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