Something I cover in a lot of my material is the power of minimal viable products (MVPs) and building them to address a specific problem.
Let’s follow the examples of successful products like Facebook and X (formally Twitter) and identify the steps for creating MVPs:
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Identify a simple problem that needs solving.
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Create a basic version of the product – it could be as simple as a spreadsheet or a contact list.
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Gather feedback from potential users.
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Engage actively with clients to validate and grow the idea if it gains traction.
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Keep iterating on the product based on the feedback.
Success story: π
The power of the European entrepreneurial market has always been untapped. There are many startups that with the proper investment could be internationally competitive.
That’s where SeedBlink comes in. They believe in simplifying and growing equity ownership in Europe by making it easier for tech companies and their stakeholders to access, manage, and trade equity.
They have quickly become the fastest-growing European Angel Investment Hub, with a total of β¬530M assets, over 75K investors, and represent 91 countries. Now that’s one hell of an MVP!
It’s not about the complexity of the features or the technology stack. It’s about solving a simple problem and actively engaging with clients to validate and grow the idea if it gains traction.
I’ve personally seen the impact of starting small and growing gradually in my own ventures. The key is to focus on a specific problem and actively engage with potential users.
Have you tried building an MVP? Share your experience in the comments below.
#MVP #StartupSuccess #ProblemSolving #CustomerFeedback #IterateAndGrow #GrowthBlueprint