Kickoff your business with an MVP
It has many fancy names and faces - Minimum Viable Product, Minimum Acceptable Product, Minimum Awesome Product - but it doesn't matter what you call it. To simply put it - MVP is the first step to validate your idea for a business.
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FAQ
What does market validation mean?
Nowadays, it’s easy to come up with new business models, but it’s still necessary to check whether they are profitable and desired by the users. Failure to understand the market’s needs is the number one cause of startup bankruptcies. With an MVP, it’s possible to test the idea without straining the budget.
What’s a roadmap?
A roadmap is a long-term plan for product development. Planning ahead of time helps estimate the budget and necessary resources. It’s important to be reasonable when it comes to planning - doing everything at once is impossible. A well-designed roadmap makes it easier to plan the product’s back-end architecture and prepare it for future scaling.
What does feature prioritization mean?
The sole purpose of building an MVP is to test the value proposition and how it resonates with the users. An MVP is not meant to be a perfect, finished version of the product. Thus, it’s essential to define what features are necessary for the users to grasp what the product is about.
What’s a prototype?
A prototype is a clickable wireframe of the product, made with user testing in mind. Thanks to user testing, it’s possible to check whether the user understands the concept and if everything is understandable from a UX point of view. Users can also share their feedback on the business concept itself.
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Excited about improving your business idea?
Check out how SDH can help you define your target market through Product Discovery Process and get to know your persona thanks to user testing with a prototype.
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