No products in the cart.
How to calculate and manage risks using spreadsheet method for your startup
Hello Everyone!Starting a company can be disruptive if entrepreneurs don't anticipate the risk and prepare themselves to mitigate them. If...
Why startups need Minimum Viable Product?
Why startups need Minimum Viable Product
If you have an idea, but don’t have enough resources to convert it into a full-fledged product, then Eric Ries has introduced the concept of ‘Minimum Viable Product (MVP)’ for you in his bestselling book—The Lean Startup. An MVP is a product with crucial features released to test the viability of the business idea and gauge reactions from early adopters. The primary objective of MVP is to receive feedback and pre-orders before investing a hefty amount of funds in it.
This content is locked
Upgrade to Subscription - Reading Program to unlock this content!
Bottom line
It’s often difficult for entrepreneurs to believe that starting with MVP is the best way to create something that will provide value to millions of users one day, but the above case study has proved it.
Citations :
Skillioma (February 5, 2023) Why startups need Minimum Viable Product?. Retrieved from https://www.skillioma.com/why-startups-need-minimum-viable-product/.
"Why startups need Minimum Viable Product?." Skillioma - February 5, 2023, https://www.skillioma.com/why-startups-need-minimum-viable-product/
"Why startups need Minimum Viable Product?." Skillioma - Accessed February 5, 2023. https://www.skillioma.com/why-startups-need-minimum-viable-product/
Skillioma December 8, 2020 Why startups need Minimum Viable Product?., viewed February 5, 2023,<https://www.skillioma.com/why-startups-need-minimum-viable-product/>
Skillioma - Why startups need Minimum Viable Product?. [Internet]. [Accessed February 5, 2023]. Available from: https://www.skillioma.com/why-startups-need-minimum-viable-product/
"Why startups need Minimum Viable Product?." Skillioma [Online]. Available: https://www.skillioma.com/why-startups-need-minimum-viable-product/. [Accessed: February 5, 2023]
Power Words :
- Viability
- Demographic
- Peer
- Capital
- Adopters
This content is locked
Upgrade to Subscription - Reading Program to unlock this content!
Hashtags :
- #GPSforLifeAndCareer
- #ConsciousIntelligence
- #Kidswiki
- #MindInTheMaking
- #RelevanceInEducation
- #MeaningfulLearning
- #RealWorldSkills
- #SafeContent
- #360DegreeDevelopment
- #Skillioma
- #BeyondCurriculum
- #SkillsBeyondSchool
Related Posts
How to Register a Startup Company in India
The initial focus of most of the startup founders remains on giving shape to an idea, meeting with investors, and...
Bootstrapping
Bootstrapping is a method of starting a company without sourcing the outside capital. In simple words, bootstrapping is a self-funding...
Solopreneurship
Solopreneurship means running a business solely by an individual. In other words, an entrepreneur starts and takes care of everything...
Case Study on Zomato Food App
There was a time when we used to call restaurants and hotels for the food menu and reservations. Then we...
Common myths busted
In this lesson, we will aim at busting some of the common myths in the entrepreneurial journey. These are myths...
Please login to join discussion
