Think of Lean Software Development and Minimum Viable product (MVP).
It’s hard to compare, but the lean startup key factor is to validate. Lean development is about early validation.
Seven key principles of lean software development? They are:
1. Eliminate Waste
2. Build Quality In
3. Create Knowledge
4. Defer Commitment
5. Deliver Fast
7. Optimise The Whole
Methodology itself is saying a few key things:
A) Fail early and fast: Don’t spend years perfecting a product. Release the absolute minimum product a customer would use and gather feedback ASAP.
B) Eliminate Uncertainty: Reach out to your possible customers early. You can make informed decisions by doing so.
Traditional business plans for early stage startups is mostly about guessing. Guessing who will buy our product, guessing what features to have, guessing the best ways to make money.
In short, eliminate this uncertainty.
C) Minimum Viable Product (MVP): Build the simplest version of the product your
customer will still want to use or pay for. This means, over time, you will be able to address features purely as per customer needed and end up wasting your time.
Lean development solves following purposes:
- Be able to test a product hypothesis with minimal resources.
- Accelerate learning from feedbacks.
- Reduce wasted development hours.
- Get the product to early customers as soon as possible.
- Base for other features or products
I hope this will help in understanding Lean Startup Development!
You too want a minimum viable product built?
MVP is Minimum Viable Product, with the highest return on investment versus risk. In other words , minimum viable product is the version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.
In short Minimum Vaiable product is a version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.
It differs from the conventional strategy of investing time and money to implement whole product before verifying whether customers want the product or not. MVP tests the actual usage scenario in contrast to conventional market research.
Building a Minimum Viable Product (MVP) is a strategy for avoiding the development of products that customers may not want. The idea is to rapidly build a minimum set of features that is enough to deploy the product and test key feedback about customers’ interactions with the product.
Want to succeed?
Be creative and find ways how to test your hypothesis as cheap as possible with as less work as possible. And if your close circle like family or friends , will tell you that they would pay you for the serviceor product and if you convince them, you’ll have really smooth time to convince others as well.
MVP will allow you to improve the way application looks and feels though updates. Early adopters’ feedback is really helpful in building the final full-featured product and for adding more features. The approach of MVP building allows your business campaign to minimize development time , development costs and maximize leaning through feedbacks.
Numerous successful start-ups began their winning way from building MVPs. Dropbox, Twitter, Groupon and many more are among them. Each of them had different ways of representing their product or service to public.
We wish more companies applied lean software development and minimum viable product model to their product life cycle.