The transition from an idea to a successful product may be challenging and full of unexpected pitfalls. Harvard Business Review states that roughly 65% of projects end up failing, wasting a lot of resources.

How to Create a Minimum Viable Product (MVP): Best Examples and Key BenefitsDmitryCEOMVPProduct GuideHomeBlogEntrepreneurshipHow to Create a Minimum Viable Product (MVP): Best Examples and Key BenefitsPublishedFeb 14, 2019UpdatedNov 26, 202139 min readAs an entrepreneur, you may eventually come to the point of planning a startup and launching your software product. Initially, you only have the idea of the project. What’s next? MVP development for startups is something that will help you at the beginning. You will learn what it is from this article. But first, some statistics. In 2020 the failure rate of startups exceeded 90%. And Euler Hermes’ latest research is even more disappointing. It shows that the number of global business bankruptcies will have increased by 15% by 2022. Can you guess what the reason is? It is a lack of demand among the users in the market. That’s why when you have a brilliant idea, do not rush building a fully-featured product and spending months on hard work. There’s a more efficient way to initially understand whether your idea will be required in the market. And this implies developing a minimum viable product (MVP). This popular approach in startup product development will help you test your business idea and save both time and resources. This way, you understand what users need and can create an offering that they are ready to pay for. Thanks to this article, you will know how to define a minimum viable product. You will also learn all about the MVP approach. We will start with the definition of this term and take a look at the best minimum viable products built by famous companies. Finally, we will provide you with a step-by-step guide on how to create a minimum viable product.

How to Build a SaaS Startup in 10 Smart StepsAlina NechvolodE-Commerce & SaaS StrategistSaaSStartupHomeBlogEntrepreneurshipHow to Build a SaaS Startup in 10 Smart StepsJul 30, 202018 min readSaaS solutions are noted for their flexibility. This quality serves as a key reason why 37% of businesses switch to cloud-based systems. Given their growing popularity, the idea of launching a company offering SaaS products seems very lucrative. So, how to build a SaaS startup? In this article, we will answer this question, and guide you through the main stages of starting a SaaS business. You will learn to make market research and write a lean plan. Also, we will discuss the most suitable pricing models and effective marketing strategies. Finally, you will know how to track the progress of your startup.

7 Top Strategies To Attract Sellers to Your Peer to Peer MarketplaceDaniil TorkutDeveloper AdvocateMarketplaceHomeBlogEntrepreneurship7 Top Strategies To Attract Sellers to Your Peer to Peer MarketplaceJun 4, 20208 min readUser acquisition is one of the most important aspects to make your marketplace website successful. When you attract sellers and buyers to your platform, you start making a profit and improve your market presence. Our previous article covered the topic of attracting buyers for a peer to peer marketplace. We have considered 4 simple techniques that will help you solve the chicken and egg problem even before you launch your marketplace. These are a referral system, landing page, free offers, and constraints that can help you attract early buyers. Today we want to discuss the second important aspect - acquisition of sellers. We prepared 7 quick ways to attract vendors to your peer to peer marketplace platform. This detailed guide will help you make your e-commerce website profitable and successful.

How to Build a Marketplace Website MVP and Not FailDmitry ChekalinChief Executive OfficerKate DavydovaMarketplace Growth StrategistMarketplaceMVPHomeBlogEntrepreneurshipHow to Build a Marketplace Website MVP and Not FailApr 9, 202013 min readDo you want to know how to build a marketplace website that will become popular and profitable? And you don’t want to risk money and waste a lot of time, right? A great plan is to start with a minimum viable product (MVP). This way you will not spend a lot of time and money, and you will get valuable feedback on the product and its primary features. Using this approach, you will definitely understand whether your idea is worth investing in or not. Today, we want to discuss how to build a marketplace MVP through several simple steps.

Business Directory Website Development: How to Build a Review Website Like Yelp

I started Trailblazer GmbH 4 years ago with my relocation from Australia back to Europe. One of our consulting clients is the central police department of a German state that has kept me busy for more than three years now.

ActiveInteraction plays nicely with Rails. You can use interactions to handle your business logic instead of models or controllers.

All You Need to Know About Technical Due Diligence For Startups

the study of innovation shows that everything hinges on the hard work of taking a promising idea and making it work — technically, legally, financially, culturally, ecologically. Constraints are great enablers of innovation.

But there’s a downside to the hackathon hype, and our research on designing workplace projects for innovation and learning reveals why. Innovation is usually a lurching journey of discovery and problem solving. Innovation is an iterative, often slow-moving process that requires patience and discipline. Hackathons, with their feverish pace, lack of parameters and winner-take-all culture, discourage this process. We could find few examples of hackathons that have directly led to market success.

what if projects were designed to combine a hacking mindset with rigorous examination of the data and experience they glean? This would reward smart failures that reveal new insights and equip leaders with the information needed to rescale, pivot or axe their projects.

Sigo convencido de que Lean Startup y las ideas, herramientas y metodologías que le rodean como Customer Development, Business Model Design, Lean UX o Effectuation son la mejor vía para crear una empresa. Pero la interacción con mis lectores y con los alumnos de mis cursos me ha hecho ver que hay problemas para llevar a la práctica estas ideas.