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Podcast: The Unconventional Path: Entrepreneurship and Innovation Stories and Ideas.
Episode: EP-34 Mini: Minimum Viable Product (MVP)
Description: EP-34 Mini: Minimum Viable Product (MVP)
One of the BIG mistakes I made in my first start-up was we did not test the market early. We got the product 80% "right" and were out of money and the customers were not buying. Lesson learned for sure! What are the key points of MVP?
•Test your product concept EARLY using a prototype! Could be a bare-bones version, a mock-up,
•Listen and learn...get out of your co-working space, garage, etc. and go to where your customers are.
•Validate...you are not your customer...show that real customers find your product/service valuable by usi...