#MVP for business

[nascenture]

10 Reasons Why Having an MVP Makes a Huge Difference

Every business venture begins with an idea for a product. They vary in their efficacy. It's true that a lot of new products hit the market every year, but only a select few ever become truly iconic. Many of today's most popular websites, mobile applications, and gadgets didn't exactly get off to a smooth start. They, too, have had to overcome tremendous difficulties in order to boost earnings. It is terrible that the time and resources required to create a marketable piece of software are frequently undervalued.

However, they often postpone product launches and squander time and money on costly bug patches out of concern over losing sight of the original product's purpose. An MVP, or minimum viable product, is now necessary. Using the minimum viable product (MVP) methodology, developers may iteratively test, improve, and expand their solutions' functionality. An MVP's objectives are to facilitate early adoption, reduce development costs, and collect information and user input that may be used to inform subsequent versions. The following are some of the most compelling arguments for investing in an MVP for your company. Okay, let's have a peek at it.

Top Benefits of MVP

1. Identify Initial Customer Preferences & Optimize for Them

Discovering what features customers value most can be accomplished via MVP. In order to properly design your MVP, you must first determine who you are building it for. Assuming you have identified the target market for your product, you should be able to describe their problems and requirements. This is crucial since you'll need to be aware of the specific issues that they're facing in order to create and develop a product that addresses them. Market research and in-depth interviews with target clients could help with this. Gathering information about market trends, client profiles, and rival companies are all possible outcomes of market research. This can be accomplished in a variety of ways, including web research, surveys, focus groups, and more.

2. Test Your Key Features on Potential Customers

Find your target market and get them feedback on your product's essential features before releasing it to the public. In order to adjust your product or service concept to meet the requirements of your target market, you must gain a deeper understanding of their wants and needs. Determining who you want to buy from you will help you focus your marketing efforts and save money. All types of businesses can benefit from customer profiling since it improves their ability to proactively interact with potential customers and provide the best possible service to them.

3. Validate the Market Quickly and Cost Effectively

More accurately than marketing research, an MVP can confirm the need for your unique solution. Research can identify potential customers and establish a need for specific functions and services. Still, unlike an MVP, it can't tell you how the market will react to your particular implementation of the features you've picked. After releasing a minimum viable product (MVP), a business can see which demographics of consumers are the most engaged. Setting the correct objectives for future growth is simplified in light of this. Startups are not at risk of experiencing significant financial losses in the event of failure. 

After implementing the required product modifications, it will have a fighting chance to rebound. Furthermore, a project may take years and tens of thousands of dollars to complete, depending on its complexity. Rapid market entry is possible without significant initial investment in an MVP version.

4. Save a Lot of Time Coming from An Idea to a Product

The sooner a product can get to market and begin gaining customers, the more likely it is to be successful. Obtaining more funding for product development is a major advantage of minimum viable products. As a result, a rapid start means quicker profits. You won't have to put in countless hours over the course of a decade before seeing any returns on your investment. Delays in the launch of an intriguing yet time-sensitive product might result in heavy financial losses. For instance, if a pandemic triggered a surge in demand for online delivery and healthcare services, it would be crucial to enter the market as quickly as feasible. A minimum viable product (MVP) is a great option for getting things rolling quickly.

5. Get User Feedback Early

A minimum viable product, or MVP, is a process that incorporates important product features and gives customers the ability to use those features and provide feedback to help your company work on future product development. A procedure that contains important product features that customers are able to utilize and provide feedback on to help your company work on future product development is referred to as a Minimum Viable Product (MVP). The objective is to glean as many insightful comments and suggestions from customers as is humanly possible while simultaneously reducing the amount of work done by the development team to an absolute minimum.

6. Better Understand User Flows and Engagement

With the end-users in mind, you must build the UX during the MVP development phase. You need to put yourself in the customer's shoes and experience your product all the way from app launch to completion of the desired action. In order to create a user flowchart, you must first identify the key steps in the overall procedure. The most important things to accomplish are things like making an account, shopping, handling orders, preparing paperwork, searching for information, keeping tabs on statistics, etc. Once you've determined the primary phases of your technique, it will be less difficult to specify the primary characteristics required for each stage.

7. Start Monetizing Sooner Than Later

Gaining substantial profits from a product is dependent on having a solid plan for making money off of it. Several methods of making money can be found nowadays. There are a variety of alternatives available, including freemium models, premium models, models with in-app purchases, models with advertisements, and so on. When you have finished developing your product, it might be difficult to choose the best method of making money off of it. The minimum viable product development method allows you to try out several approaches to revenue generation. Customers' opinions can help you determine if your app's current monetization strategy is sustainable. 

8. Maximize ROI by Validating Your Assumptions Quickly

In business terms, an MVP will maximize your Return on Investment (ROI) by giving you early visibility over the website you intend to build, better prioritization for what must be built first, information about what does not need to be built, relevant feedback about the core, features in your first website release, relevant feedback about the features you intend to build in the next 3-6 months. Building an MVP website is preferable to build the whole solution in the beginning due to the fact that you will learn all the above information. At a fraction of the cost of creating a fully functional website all at once, you will receive results and user feedback.

9. Gain Valuable New Contacts and Connections Through Testing

By putting the whole app at risk while testing new business models or user interface designs. You don't have as much to lose when testing with a minimum viable product because you haven't invested too much time or money into its development. Before putting out the final product, you can verify your hypothesis and tweak it as much as you like. There is a significant possibility of rejection from buyers if you decide to release your product to the market. If this happens with a finished project, you could lose everything you've worked for. When using an MVP, you have less to lose in the event of a failure.

10. Establish Trust With Customers Earlier On in the Process

You should put in the time and effort to interact with your target audience as you get ready to release your minimum viable product. After launching your product, you can get feedback and usage statistics, but nothing beats really talking to your target audience in the wild about your product. One of the key purposes of your MVP will be to verify or disprove your product's usefulness. Find out from the people who will actually be using your product if it's anything they'd be interested in. In case it isn't, investigate the cause and incorporate the findings into future iterations of your minimum viable product.

Conclusion

If you want to make new software, you should think about making an MVP first. The MVP approach has a lot more advantages than possible disadvantages. This can be kept to a minimum if you choose the right strategy and focus on the core features of your product that directly meet customer needs. Another important part of a startup's success is picking an agile team of professional developers or using professional MVP consulting services to build a strong MVP and turn it into a product that lives up to its full potential.

[blueonwrestling]

Awesome to know that Vince was just gonna make the Hurt Business the Nation of Domination 2.0, fuck sake.

[geekhead79]

The Hurt Syndicate in AEW

[e-adlirez]

Just looked on the older books for refs of Thea and

Boi Curse of the Cheese Pyramid is insane

It literally starts with G heading to work on time at 9, but William comes in like "BOI YOU'RE SPENDING TOO MUCH MONEY ON THE GAZETTE YOU HAVE TO CUT DOWN THE BUDGET" (Imagine this screamed directly into Geronimo's ear)

Obviously William's definition of "cut down the budget" is this

TW: Spoilers for Curse of the Cheese Pyramid, William behavior, do not click on if you don't want a spike in blood pressure

If you choose to turn away now, the following fume was just an intermission for finding this picture lmao

He pawned over everything (and I mean EVERYTHING) in Geronimo's office, from his desk to his armchair to his carpet to his book collection to his art collection, and replaced it all with a single plastic chair and desk ("All you need in an office is a desk and chair!")

He fired ALL THE STAFF and decided that only family members will be working for the paper (because family members don't need to be paid as much probably (if at all) when working for a family business-- they all share their finances with each other, anyway maybe (it's not clear what their salaries are gonna be (wanna bet G is paid minimum wage while Thea is paid 50% of the Gazette's monthly expenses after this clean sweep))). The only person spared from the firing spree was Shif T. Paws, the Gazette's sales manager, who apparently offered to work there for free.

He delegates all the work of the Gazette to four people-- G does all the office work (taking calls, building maintenance, writing, editing, printing, clientele stuff), Thea does all the interviews and field work stuff, Trap does all the cooking, and Benjamin is "William's personal assistant". Lord knows what that last position means for little Benji. (Okay reading ahead Benjamin seems fine, but he does say that William is "a bit pushy".)

He sends G out on a work holiday thing and he overworks the crap out of everyone, to the point where even Thea is sick of William's senile old-fashioned ass, and it seems that the Gazette was also going downhill because of this mouse furry ripoff Daniel Dancer. (To give a preview of what he did in the working perspective, he basically had Trap work seven days a week)

He was planning to have staff give use old newspaper instead of toilet paper (T&B expenses), make a 30-second time mechanism for the restrooms (to maximize manpower efficiency and possible humiliation for anyone going number 2), and was considering cutting all electricity to the building and just have staff work on typewriters "just like the old days".

This man's senile ass--

[dexterblaquewrestling]

[insurged]

super duper lowkey shipping call

[thesamoanqueen]

MVP is a man who deserved more. The Hurt Business deserved more because every single member of that faction was pure talent and a potential success. During the pandemic they did a lot for the WWE, but sadly the success ended there. The frustration is understandable, especially when you see the company investing in other talent, pushing mid stories. But agree with a fan who says Bloodline stole your story without even providing evidence is starting an empty controversy and seeking the wrong kind of attention.

WWE didn't give any story to the Bloodline, the storyline was written by those who continue to manage the Bloodline and the titles arrived because it worked. Plus the idea behind it, what continues to be the driving force behind the storyline, was certainly not suits or being a dominant group. The Hurt Business and The Bloodline were two very different things and the BL is still something at this point the WWE don't put hands on. I'm sorry MVP isn't happy with what they do with him, I'm sorry that he isn't used as he deserves, but frustration sometimes plays tricks and from there it takes a moment to fall into envy.

[duckapus]

Some ideas for the first chapter of the livestream au:

consists of both the Viridian forest episodes because there's not enough going on there for more than one chapter

chat agrees that Caterpie is a precious bean and Misty should apologize

chat freaks out when Team Rocket shows up both because WANTED CRIMINALS and WHAT DO YOU MEAN "NOT YOU GUYS AGAIN!?"

Ash gets some training tips from the viewers because some of them have realized that a flying type, a bug type that will soon become flying, and an electric type don't exactly have good odds against Brock's no-badge team

chat gets weirdly invested in the Metapod vs Metapod battle, mostly because of Misty and Pikachu slowly going insane from boredom in the foreground

Misty accidentally catches a Beedrill during the swarm. It is just as confused and freaked out by this as she is

Butterfree takes over his own rescue when he fully evolves and it turns out that his Confusion is about as overpowered compared to a normal Butterfree's as Pikachu's Thundershock to a normal Pikachu's

Somehow Misty is convinced to keep the Beedrill

[dalekofchaos]

Triple H has a problem booking black wrestlers well

So MVP brought up a good point about HHH's regime being bad when it comes to black wrestlers and why the Hurt Business did not get reformed.

Yeah let’s open up a dialogue about it. You ever notice that Latino wrestlers only feud with Latino wrestlers? Or how they put all the black women and Asian women together for a filler match? Minorities are midcard acts and nothing more in HHH’s WWE. Guess this also explains why we don't see Omos...

this reinforces why HHH is mid as a booker and Bobby deserves better, for the fans sake if not for his own. I mean, how the fuck do you have BOBBY FUCKING LASHLEY constantly do the job to KKKross until he conveniently wins at Wrestlemania? In what fucking world do you see value in Mid Kross, but not the All Mighty BOBBY FUCKING LASHLEY????

Wish I could say I was surprised, but the guy who did blackface and squashed Booker T during a feud about HHH being a racist to black Booker T and as head booker he doesn't book black people well? Yeah not surprised at all.

When it comes to how African American wrestlers are presented in the WWE, they’re always portrayed as either crazy, a jobber, and most times a combination of both

The Hurt Business had TONS of potential when they formed a couple of years ago, but creative gave up on them. Vince McMahon did them wrong when he was in charge , and now Triple H is doing them wrong as well by not reforming the group.

The Hurt Business never should have been broken up. Seeing four strong Black men handling business and dominating was cool to see but we all know WWE’s history when it comes to Black male wrestlers. The fact that Triple H didn't want to bring them back is telling.

You can argue he books Bianca and Jade well and that's true and that's all we get for black wrestlers being booked strongly. The New Day and Street Profits ain't winning a lot lately and once again The New Day are being fed to Kross and his auraless faction. And R-Truth is booked as a comedy act and that ain't changing anytime soon. Boy, I miss R-Truth's Ron Killings TNA days.

I'm gonna be honest, i really dislike the way bobby/profits have been handled in the Levesque regime. really thought Montez Ford would be off into the big time by now, but alas.

Hell, even Naomi has been given the shaft. Every major match she's in, she loses. So what, you only brought her back to do the job?

The fans loved The Hurt Business. The Pride was ridiculous. They didn't officially call them The Pride for AN ENTIRE FUCKING YEAR! All you had to do was pair Lashley and the Profits, add MVP as the mouthpiece and have Omos be the muscle. But no, Bobby is not a good talker and played to his weakness instead of his strengths and jobbed to the definition of MID, The Profits did not change as characters, they wouldn't keep them as heels and they threw in B-Fab over MVP.

It's ridiculous how Shawn Michaels sees the value of black wrestlers and pushes them to the moon, but they are an afterthought to HHH. Trick Williams is a king, Oba Femi is a beast, Je’von Evans is the best high flyer in NXT, Kelani is the first women's NA Champion, Lash and Jakara are given weekly TV time and Jaida is a badass.

Like, it's obvious Shawn Michaels knows black wrestling is a draw, if only HHH could see the same...

[730spitz]

Is it just me or do y'all feel like they should do more with private party? Oh hey this is something good, nvm I'll shut up. But shit has felt plain until now ngl.

[usanews24hours]

Giannis Antetokounmpo carries red-hot Bucks to NBA Cup title.

The NBA Cup has come and gone, and officially, we have a winner. The Milwaukee Bucks defeated the Oklahoma City Thunder 97-81 in the NBA Cup's championship game, giving the In-Season Tournament its second champion following the Los Angeles Lakers a season ago, but that doesn't mean the event had only one winner more news...

[lacnunga]

also, i finally finished the mysteries and all i can say is. it sure was a book and you sure can read it

[icanbeyuoronewingedangle]

hurt syndicate in the illustrious pantheon of ripoff names that are better than the original

[blackmensuited]

[dexterblaquewrestling]

[blueonwrestling]

it's fucking crazy that this is actually the first time the hurt business/syndicate is getting a live promo in the ring.

like the hurt business never got a live promo in the ring, it was all in the pandemic.

but now we get it in AEW, shit's wild.