How to create your Minimum Viable Product
Channel: Biness
Date: 24/01/2015

How to create your Minimum Viable Product. Shared by Raff Paquin on SlideShare, CEO at Alveo. Download here http://adf.ly/wbO5P

Transcript
    2. Objectives of the afternoon: • What problem are we solving with the MVP? • What feature should be included or not in the MVP? • How/What to measure in the MVP and why? • How to transform ideas into a prototype? • How to transform a prototype into actionable insights? • How to monetize those actionable insights?
    9. Customer Validation & Development with Beth Thouin. What did you learn last week? Listen. Test hypotheses. Seek for proof.
    11. Starting to build. Two approaches: Maximise change of success Release early, release often Build a great product Build all the features we need Beautiful, easy to use Scalable and safe Sell the vision to early adopters Release something early Missing features Don’t invest too much in UI/UX
    12. Startups need to learn. All the time. Maximise change of success Release early, release often Build a great product Build all the features we need Beautiful, easy to use Scalable and safe Sell the vision to early adopters Release something early Missing features Don’t invest too much in UI/UX
    16. Release early, release often. How often do you think businesses like Frank & Oak release new versions of their website?
    18. Wikipedia time! The Minimum Viable Product (MVP)  is a key lean startup concept popularized by Eric Ries. The basic idea is to maximize validated learning  for the least amount of eﬀort. After all, why waste eﬀort building out a product  without ﬁrst testing if it's worth it. You need to  read this book.
    20. Wikipedia time! The Minimum Viable Product (MVP)  is a key lean startup concept popularized by Eric Ries. The basic idea is to maximize validated learning  for the least amount of eﬀort. After all, why waste eﬀort building out a product  without ﬁrst testing if it's worth it. Remember: Startups are  machine to learn.
    24. Build the product! Test the idea! A B What is the main objective of the MVP? or
    30. Test hypotheses (ideas) by building a prototype (code) Step 1 - Build Prototype Hypotheses Build 1 What kind of idea do we want to test? What king of prototype should we build? What technology should we use to build code? PHP? Node.js? Where can I ﬁnd a technical co-founder (CTO)? What if my product is not perfect, does customer will trust my brand? Tools: • Google Form http://www.google.ca/forms/about/ • Mailchimp http://mailchimp.com/ • sumo.me http://sumome.com/ • IFTTT https://ifttt.com/ • Zappier https://zapier.com/ • Shopify https://www.shopify.ca/ • LaunchRock http://launchrock.co/
    34. What is the value of this process? We create validated ideas that increase the value of the startup (a product that customer wants) while lowering the risk.

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