LinkedIn founder Reid Hoffman once said, “If you’re not embarrassed by your first iteration, you launched too late.” Many founders make the mistake of investing a great deal of time and effort into perfecting their product before launching, only to realize that nobody cares about it. So how do you avoid the same mistake?
First, you must validate your assumptions in the least expensive way possible. That’s where the MVP (Minimum Viable Product) comes in. Piyush Pamecha joins Patrick in today’s episode to discuss the fundamentals of building a successful MVP. Piyush is passionate about building great products and consumer experiences by continuously keeping in touch with the latest trends and technologies.
In This Episode:
– What is an MVP, and why should you build it first?
– How to start building your MVP?
– What mapping out a user flow means, and why it is important?
– Avoiding the common mistakes when building your MVP.
– Pros and cons of using low code and no code platforms when building your MVP.
– What we need from the client before building their MVP.
– Estimated cost and timeline for building an MVP.
– Red flags to watch out for when interviewing companies who will build your MVP.
– How to measure the success of your MVP and determine if you should move forward with product enhancements or shut down the effort.