minimum viable product Archives

The Differences Between Prototype and MVP

Lily Jafari January 19, 2021 4 Comments

Not Testing Your Ideas Is a Great Way to Fail Fast. There are two different schools of thinking when it comes to making a new product. According to the first school of thought, when you are making a product, you only have one chance of success. Therefore, put all your money, time, talent, and resources to build the perfect product and release it into the market. This school of thinking seems...

MVP Building: The Core Component of Lean Startup Methodology

Ladan Jafari December 10, 2019 0 Comments

By launching a new enterprise - whether it is a small startup or an initiative within a large corporation - businesses always set foot in an unknown territory. According to the old and conventional approaches, you have the idea, spend months on writing a detailed business plan, analyze the market, assemble a team, develop a perfect product, and start promoting it. Since this sequence of steps...

developing your business ideas into production

MVP vs. MDP: Which Works Best and How to Use One?

Farmehr December 7, 2019 0 Comments

Here’s the thing about presenting your idea in today’s business world; you ought to share it like a prize so it's taken into consideration, admired, and sponsored for. Along with many solo entrepreneurship help books and business journals that often repeat the same thing, touch only the surface of their topics, and aren’t practical reads. Or the dismissive business suggestions of new...

outsourcing mvp development for startups

Why Is Outsourcing Your MVP a Good Idea

Ladan Jafari December 1, 2019 0 Comments

After mulling an idea over for a new product and analyzing the market, it is time to plan and build an MVP. There are several options: finding a technical co-founder, hiring full-time employees or freelancers, or outsourcing the project. Many startup founders are skeptical about outsourcing their MVP. They ask themselves a lot of questions: will my intellectual property be secure? Will the...

startups developing minimum viable product

How to Build a Successful Minimum Viable Product (MVP)

Ladan Jafari December 1, 2019 0 Comments

Deploying a new product and validating a new idea is always a big risk for an entrepreneur. Can the product be successfully implemented? Is it unique and distinctive enough? Does it answer the customers’ needs? A minimum viable product will help answer all these queries. What is a Minimum Viable Product? A Minimum Viable Product (MVP) is the product in its smallest and simplest form with only...