Best Ways to Build a Successful MVP for Startups

MVP development is the core principle of the lean method and follows the process of constructing a metric learning process. The goal is to obtain immediate benefits, minimize development costs, and use data to add value to users over time. The Lean Startup MVP development method enables you to bring the product to the market and continuously improve the product while testing (or negating) hypotheses, understand the real needs of users, and build future iterative versions of the application to enable your customers to better provide service.

 This step-by-step guide contains all the steps required to plan and start product development with minimal feasibility.

What is MVP (Minimum Viable Product)?

Before delving into the benefits of MVP and how to build MVP, let me first quickly define MVP. The minimum viable product (MVP) is what is said on the tank-the simplest version of the product, with enough features to validate your value proposition.

“No one has ever made X. I want to make X because I think it will make the lives of those who use it better.” Startup MVP development inventor and lean entrepreneur Eric Reis defined MVP as: “A new product that enables the team to use it.” Version Collect the largest amount of verified customer information with the least effort.

The benefits of establishing an MVP:

In today’s business environment, producing products quickly and on the budget is a prerequisite for a successful startup.

Creating an MVP has become a de facto process that can save you time, money and reduce risk. And understand the needs of the company

a) Define and write down the long-term goals of the product.

b) Answer the question “Why are we doing this project?

c) Define the success criteria that indicate the success of the product.

Look for opportunities

a) Create a user journey map. Define users (actors). Determine the end of the story (the ultimate goal). Determine all the measures the user will take to achieve this ultimate goal.

b) Draw a painful benefit graph for each action. Record the actions taken by the user during the use of the product records the pinpoints of each action. Write down the benefits of each action.

c) Summarize the efforts and benefits in the opportunity statement. Whenever possible, use statements or similar methods to summarize the difficulties and benefits you have identified. 

Create your Startup MVP Development Framework

We have broken down the “Minimum Viable Product Planning” process into three simple but valuable steps, which have been summarized above.

Now, we will provide a step-by-step process with more details and context so that you can apply it easily. This process is part of the Agile MVP framework used by Clearbridge Mobile in our mobile application development projects. Each step mentioned should be part of the product definition.

However, performing the following steps for each project will help you identify features and prioritize them so that you can confidently describe the conditions required to bring MVP to market. The demand for why the product should exist. It may be organizational needs or customer needs that fill the current gap.

a) Set a long-term goal and write it down. This simple question: Why do we want to carry out this project?

b) Determine the success criteria. Then define the criteria to determine whether the product is successful. It can and should be more than just an indicator.

Looking for opportunities

As the first step in the startup MVP development plan, you should have identified the niche market or the problem that needs to be solved in the market, whether it is for the company or the customer. The next step in developing MVP is to find a way to solve these problems and add value through its application.

a)       Plan the user’s journey. It is easier to divide the user’s journey into three parts: the user, the user’s actions, and the end of the story.

b)      Identify the users. These people will use your product. You can have multiple categories of users.

c)       Determine the end of the story. For each user, the end of the story is the user’s ultimate goal.

d)      Identify the task (action). The job is an action that one or more users must perform to reach the end of the story and achieve the goal.