Building A Successful Product With Lean Startup Methodology And MVP
Building an MVP (Minimum Viable Product) with just enough features to test market fit, gather feedback & iterate. Key aspects: hypothesis, essential features, time frame (<3 months), task prioritization & pivoting based on user needs.
Let’s imagine you’ve found an idea for a novel product, or you found a need in the market that is poorly fulfilled or not fulfilled at all. That’s a fantastic opportunity! But… how can you be sure? Will your idea be successful? Will enough people like it and use it for it to thrive? The lean startup methodology states that one way to verify it is by building an MVP. An MVP, or Minimum Viable Product, is a product with just enough features to allow users to experience its core functionality. The main goal is to test the market fit as quickly and efficiently as possible, by gathering feedback fr...