Creating a Minimum Viable Product (MVP) is a crucial step for any startup founder. But how can you ensure you’re building something people actually want? Here’s a practical guide to developing your MVP the right way.
1. Define Clear Objectives
Before writing a single line of code, establish what you’re trying to prove. Your MVP needs specific, testable hypotheses. Ask yourself:
What problem are you solving?
What assumptions need validation?
What defines success for your MVP?
For example, if you’re building a new CRM system, your hypothesis might be: “Small businesses will switch to a simpler CRM solution even if it has fewer features, provided it’s more affordable and easier to use.”
2. Identify Core Features
This is often the most challenging step. Focus on:
Essential features that directly address your core hypothesis
Features your early adopters consistently request
Functionality that differentiates your product
Remember: Your MVP shouldn’t try to compete feature-for-feature with established products. Instead, excel in your chosen niche.
3. Choose Your MVP Approach
Select from three main approaches:
Human-powered automation: Manual processes behind a digital interface
No-code solutions: Using platforms like Bubble or Airtable
Full development: Custom coding your solution
Your choice should align with your technical capabilities, resources, and the nature of your problem.
4. Create a Timeline
Development timelines aren’t just for software – they’re crucial for any MVP. Create:
Specific milestones
Realistic deadlines
Progress tracking mechanisms
This keeps you accountable and prevents endless tinkering.
5. Launch Strategically
Consider a phased launch approach:
Start with early access users
Gather feedback and iterate
Gradually expand your user base
Charge from day one to validate real demand
Remember: An MVP is about learning, not perfection. Start small, measure results, and iterate based on user feedback.