Test your business idea with MVP (Minimum Viable Product)

Learn what MVP you ought to select for your business idea to see whether it makes sense with small money and small risk

It is not that difficult to have a business idea even that looks like a breakthrough and instant success. The reality bites and most of startups fails rapid and simultaneously cost their founders a small fortune. That is why the recent development of so called lean startups revolves around learning rapid and at small cost to build a product customer require and are willing to pay. Crucial part of this path is a making a prototype of your product that lets you check the reaction of your potential customer. This is the MVP -Maximum Viable Product.

MVP has to be Viable which means that it delivers some noticeable value to the customer, solves his pain. Maximum means that it cannot be overcomplicated, it's to have the minimal amount of features for you to be able to draw the right conclusion on what works and what does not work.

Most courses cease at the landing page as the Holy Grail of lean startup and testing, the final MVP, but the life is much more complicated and landing page in plenty of cases basically is not ? How do you check community and whether people will share and comment? How would you like to check physical products that must be tasted and smelled?

On top of that not all MVPs are born equal. Some check part of your business model whereas others are ideal for testing different query marks that pop-up constantly in your mind.

In this work they will show you through examples what ought to be the MVP for your business model, how to select the right for your needs and what are the added benefits of MVP. They will also give estimation of the costs and time needed for creation of MVP.

If you have not found an ideal suggestion for MVP for your business post in the Group Discussion your business model description and they will prepare suggestion for you on the MVP you ought to make use of.

Why we decided to generate this work?

They work with startups on every day basis within our accelerator (StartupAkademia) and they have noticed that despite the tones of excellent books on lean methods (i.e. Lean Analytics, Walking Lean etc.) startups have issues with applying this knowledge in practice. The fascinating thing was that those issues were universal irrespective of the industry, business model or even whether they were ran independently or supported by large corporations.

What will this work give you?

The work is a practical overview of feasible MVP for the following types of businesses: B2C services restaurants, online shop, off-line shop, webpage earning from display ads, SaaS, books. Our purpose is that thanks to the work you will know:

What are the different types of MVPs you can use?
What are the professionals and cons of a specific MVP?
How much does it cost and how long does it take to generate a specific MVP?
When you ought to make use of type of MVP and when entirely different?

How the work is organized?

The work is divided currently in three section:

Introduction: They report what MVP is and why it makes sense to make use of it
MVP examples: Here they go in-depth over MVPs for different businesses: restaurants, online shop, off-line shop, webpage earning from display ads, SaaS, books and show you how and when they ought to be used. In case you have not found an ideal suggestion for MVP for your business post in the Group Discussion your business model description and they will prepare suggestion for you on the MVP you ought to make use of.
Resources: In this section they put any additional resource for them to be visible

It is possible for you to also to download lots of additional resources