35: How To Plan Your MVP (Minimum Viable Product)

07-02-2024 • 10 mins

In this episode, Eunice Ajim discusses how to plan your Minimum Viable Product (MVP) for a tech startup. She emphasizes the importance of understanding the problem and conducting user research before building a product. Validating the solution through customer interviews and feedback is crucial. Eunice also highlights the need to start with non-scalable solutions and gradually build towards a technology product. Market research and following Lean Startup principles are essential for success. Finally, she emphasizes the importance of traction and showing potential investors that there is a need for the product before seeking funding.

Takeaways

Before building a product, conduct user research and understand the problem you are solving.
Validate the solution by interviewing potential customers and gathering feedback.
Start with non-scalable solutions and gradually build towards a technology product.
Market research and following Lean Startup principles are crucial for success.
Show traction and a need for the product before seeking funding.

Chapters

00:00 Introduction and Problem-Solution Fit

01:00 User Research and Understanding the Problem

02:22 Validating the Solution

04:18 Building the Minimum Viable Product (MVP)

07:06 Market Research and Lean Startup Principles

08:59 Iterating and Scaling the MVP

09:55 Importance of Traction and Funding

10:24 Conclusion

Make sure to connect with Eunice Ajim on various platforms:

Ajim Capital Website: https://www.ajimcapital.com/

Eunice Ajim Website: https://euniceajim.com/