You are about to invest your valuable spending in a startup idea without validation. If you don't validate the idea before the grand event, there is a probability of losing money. To prevent this, Frank Robinson introduced the concept of MVP development.
Let me give you a brief about the Minimum Viable Product (MVP). Imagine you are building a skyscraper in New York City, but don't start building right away.
First, you validate the idea of Building, which includes selecting the locality and market demand, Structure design, and finally, you prepare a 3D Presentation Model for presentation.
This way helps to understand public interest and feedback about the skyscraper you are about to develop.
MVP is not your product; it is a learning lesson for founders if they build it professionally.
Just as the model allows architects to test proportions and aesthetics before a single beam is erected, an MVP allows you to test your core value proposition with real users before a single line of permanent code is written.
The locality you select is your target market - you must validate that there is actually demand in neighborhood and people are willing to pay for new office or residential space. In startup terms, this is your initial customer segment and their verified pain point.
The structural design of the skyscraper translates to your solution’s core functionality. You don’t need the full suite of amenities, the underground parking, the marble-clad lobby, and the rooftop helipad.
You need the foundational load-bearing walls, the elevator shafts, the basic floor plan. For your product, this is more about the essential problem you are solving and building only that. It is the most basic version that delivers that core value.
Finally, the 3D presentation model is your MVP itself. It is not the finished, inhabitable building, but it is a tangible, interactive representation that communicates the vision, gathers specific feedback, and tests assumptions.
MVP allows potential buyers to react, to ask questions, to suggest improvements that would be catastrophic to discover after final product development is complete. For you, the founder, launching this MVP is the mechanism for that crucial learning lesson. It answers the key questions,
- Will anyone use this?
- How will they use it?
- What are we missing?
Investment in MVP development is not a diversion of resources; it is the strategic insulation of your capital, which transforms probability into data and guesswork into guidance.
Building an MVP is the process of creating your metaphorical skyscraper on a foundation of validated learning, rather than on shifting sands of assumption.
Start with the simple, functional model, ensure that when you finally commit to the full-scale construction of your product, every dollar spent is building something the market has already shown it wants to inhabit.
If you are a non-technical founder, then most likely developing MVP with a startup enabler like NCrypted is better option. Under the expert guidance, you will be able to validate the core concepts in weeks.
Remember, MVP development is the first step, you also need technical support post validation phase.
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