Startup Funding Espresso How To Build an MVP
How To Build an MVP Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. A minimum viable product or MVP is a usable product that has minimal but must have features. Here are the key steps to building your MVP: Research the market and the customer requirements. Start with a customer problem and review the current solutions.\xa0\xa0 These solutions could include doing it yourself or do nothing. Determine if there are enough customers to form a market. Identify a solution that can add value to the customer. What are some basic features to offer that would help the customer? Understand the job to be done by the customer. Figure out how your solution fits into the customer's workflow. Create a list of potential features to offer the customer and prioritize them in a logical order to build out in steps.\xa0\xa0 Each new feature added should build on the previous features. Build the MVP with the initial feature. Promote and sell the MVP to the customer. It\u2019s useful to put a price on the MVP so you can gauge the customers\u2019 reaction. At this stage measure user engagement, not revenue. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of