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

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/ LinkedIn: https://www.linkedin.com/in/euniceajim/ Twitter: https://twitter.com/euniceajim/ Instagram: https://www.instagram.com/euniceajim/ TikTok: https://www.tiktok.com/@euniceajim