What is an MVP?
OK, startup-er, so you’ve got this idea you believe in and want to make a hero product out of it. That is GREAT! What you have to do next is to find a software development team to build your MVP.
MVP stands for Minimum Viable Product. According to its widely agreed definition, MVP is a product with only a basic set of features enough to capture the attention of early adopters. So, the minimum part of the concept is not at all the goal of developing an MVP, it’s rather a means to making a hero out of your solution. And this has been proven by many now renown solutions, such as Dropbox or Uber. They entered our personal and business lives as MVPs and progressively became part of them being currently used by a huge number of users on a daily basis.
To get there, you should develop your MVP with the resources and efforts of a well-established software development company. It will help your product get nice and smoothly and no headaches through the three stages of the MVP development cycle:
Building an MVP with an experienced software development company is investing smart because it brings you the following advantages:
- Short release time
- Reduced implementation costs
- Small number of remakes
- Testing the market reaction / demand
- Defines critical drawbacks
- Avoid failures and large capital losses
- Get valuable feedback on what works and what doesn’t work
- Work directly with your clients and analyze their behaviors and preferences
- Gather and enhance your user-base / future customers
MVP seen from our experience
10+ years of building MVPs taught us that customers tend to hurry or overbuild the first release of a product with the purpose of being ahead of the competition. But the result is exactly the opposite because this approach delays the time to market as it takes longer than when exploring user’s reaction and improving the product.
Build a product that solves a problem!
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