Build an MVP with these 5 steps!

Minimum Viable Product (MVP) is a foundational strategy for startups wanting to enter the market efficiently and effectively.

Here are 5 key steps to build an MVP:

1. Determine the essential problem your product solves. Understand your target audience and what they need.

2. Follow a strict timeline! Focus on what's essential for the MVP.

3. List all the features your product might need. Assess each feature's importance to your MVP's core value proposition.

4. Launch the MVP to a select group of early adopters. Measure how these users interact with your product, gather feedback, and learn what works and doesn’t.

5. Make necessary adjustments to your product based on user feedback. The key is to iterate quickly and avoid getting too attached to the initial version of the MVP.

Early adopters are willing to use a less polished product because they immediately need the solution it offers.

Engage with these users to get insights to guide the product's development.

Do not overplan!

While some research is essential, excessive surveys and market analysis may delay valuable learning from actual product use.

MVP is not just about launching a product quickly; it’s about validating your business idea and continuous learning.

Save time and resources in the long run, adapt and evolve products based on actual market needs.

Excellent insights from Y Combinator

To see the full video → https://lnkd.in/gjFfMHkB