{"id":9048,"date":"2018-11-20T19:50:45","date_gmt":"2018-11-20T11:50:45","guid":{"rendered":"http:\/\/www.softwareforenterprise.us\/?p=9048"},"modified":"2026-01-24T20:26:05","modified_gmt":"2026-01-24T12:26:05","slug":"building-a-minimum-valuable-product-to-ensure-software-steadiness","status":"publish","type":"post","link":"https:\/\/www.softwareforenterprise.us\/hub\/building-a-minimum-valuable-product-to-ensure-software-steadiness\/","title":{"rendered":"Building an Agile Minimum Viable Product to Ensure Software Steadiness"},"content":{"rendered":"<p>In this article, we highlight in detail all about <strong><a title=\"Remote Jobs with Turing\" class=\"aalmanual\" target=\"_blank\"  rel=\"nofollow\"   style=\"color:#1e73be;\"href=\"https:\/\/www.softwareforenterprise.us\/hub\/recommends\/agile\/\">Agile<\/a> Minimum Viable Product<\/strong> (MVP), from its main goals, benefits, things to do before building an MVP, and how to measure the success of your MVP.<\/p>\n<p><span style=\"font-weight: 400;\">Every software product, without exception, is designed to be a problem-solver. Complex <a href=\"http:\/\/www.softwareforenterprise.us\/hub\/open-source-erp-free\/\" target=\"_blank\" rel=\"noopener noreferrer\">ERP systems<\/a> provide for real-time data access and monitoring capabilities, while more straightforward stock market apps track investments and trades. Do you see my point? If your product does not satisfy user demands, the efforts you put into its creation may not pay off.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Functionality is what determines a useful piece of software from the useless one. The MVP-first approach can help you avoid substantial time and money losses as well as test your product before rolling out feature-rich updates.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What are the main goals of an agile minimum viable product?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">First of all, the MVP helps you launch a product to the market faster since it is only equipped with the core functionality and so requires less time to be built. That is where another purpose comes from building MVP is much cheaper compared to a full-fledged product.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, MVPs also assist pretty good in collecting feedback from first users. Product owners often come up with the following updates and new features based on it.<\/span><\/p>\n<p>This way, the minimum <span style=\"font-weight: 400;\">viable <\/span>product helps you balance the product\u2019s set of features and the user needs<span style=\"font-weight: 400;\">. To find this balance, you should follow the main MVP development principles illustrated below.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-9049 lazyload\" data-src=\"https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/principles.png\" alt=\"\" width=\"1600\" height=\"999\" data-srcset=\"https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/principles.png 1600w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/principles-300x187.png 300w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/principles-768x480.png 768w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/principles-1024x639.png 1024w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/principles-320x200.png 320w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/principles-810x506.png 810w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/principles-1140x712.png 1140w\" data-sizes=\"(max-width: 1600px) 100vw, 1600px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1600px; --smush-placeholder-aspect-ratio: 1600\/999;\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">Agile minimum viable product benefits for business<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Let\u2019s dive deeper into the advantages that MVP development can bring to you as a product owner.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Well-tested product<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As I have already mentioned, the MVP development takes less time compared to a feature-rich product. This means you are not only able to launch it faster, outpacing possible competitors, but start receiving viable feedback before making further decisions. Knowing the strengths and weaknesses of the product, you can make it stronger with the following updates.<\/span><\/p>\n<div class='code-block code-block-1' style='margin: 8px 0; clear: both;'>\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-7371812982681123\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-7371812982681123\"\n     data-ad-slot=\"4279787798\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n<h3><span style=\"font-weight: 400;\">Effective fundraising<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The point is that most investors look at concrete results rather than abstract ideas. The presence of the MVP with an established user base and feedback, showing the audience\u2019s interest in the product, are strong reasons to consider investing money into it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are aiming at fundraising, it is better to show potential investors at least a piece of product functionality that works rather than presenting unsubstantiated business plans and slides.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Wise prioritization<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In fact, any software product you see on the market is an MVP that has been upgraded since the release date. But the good thing about MVP on the post-launch stage is that it allows evaluating the weak and strong sides of your product. In other words, you know exactly what to improve first of all, and so can prioritize product development tasks more easily.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Cost-efficiency<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The development of the MVP will cost you much less compared to a full-featured software. It is often a way out for entrepreneurs on a tight budget, since after the MVP is read,y they can start looking for investors and attract financing.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Fast launch<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As it was already mentioned, the MVP is a basic functionality that requires less time to be built and released. That means users will be able to start using your product sooner.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-9050 lazyload\" data-src=\"https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/benefits-5.png\" alt=\"\" width=\"1600\" height=\"999\" data-srcset=\"https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/benefits-5.png 1600w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/benefits-5-300x187.png 300w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/benefits-5-768x480.png 768w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/benefits-5-1024x639.png 1024w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/benefits-5-320x200.png 320w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/benefits-5-810x506.png 810w, https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/uploads\/2018\/11\/benefits-5-1140x712.png 1140w\" data-sizes=\"(max-width: 1600px) 100vw, 1600px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1600px; --smush-placeholder-aspect-ratio: 1600\/999;\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">Things to do before building the MVP<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are several preparatory steps that should be done for the sake of clear objectives and well-thought-out tasks. They are universal so you can use them regardless of your sphere of activity.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">1. Identify the main pains the product should solve<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Your first and foremost task is to identify the pains of your target audience and find ways to solve them through your software solution. Analyze rivaling software or conduct your own research for this purpose. As soon as you have a list of the main challenges to solve, you can move to the next stage.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">2. Determine the way to solve those pains<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">After the pains are clear, it is time to think about how to solve them. Remember that the number of features should be limited for the sake of software simplicity. So draw up a list of possible features for every user pain and then brainstorm with your <a href=\"http:\/\/www.softwareforenterprise.us\/hub\/how-to-develop-a-grocery-delivery-app-like-big-basket\/\">development team<\/a> over the possible ways to solve them in software.<\/span><\/p>\n<div class='code-block code-block-2' style='margin: 8px 0; clear: both;'>\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-7371812982681123\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-7371812982681123\"\n     data-ad-slot=\"5373377611\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n<h3><span style=\"font-weight: 400;\">3. Explore your competitors<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You should not underestimate your competitors, even if you believe the product you build is best-in-class. Competitive analysis is needed to keep your ears open and make sure your product can rival others on equal footing. While it is especially important when you build an MVP, you should not neglect it after the product launch as well.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">4. Prioritize features<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Spend some more time to prioritize features you have previously identified. It will help you better manage your software\u2019s skeleton development. You can use the MoSCoW principle for this and divide all the features into groups:<\/span><\/p>\n<ul>\n<li>Must have<\/li>\n<li>Should have<\/li>\n<li>Could have<\/li>\n<li>Won\u2019t have<\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">5. Apply three cornerstone principles<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Those principles are: create, learn, and measure. Since MVP development is not the final destination in software creation, you will need to apply those three to move on.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How to measure the success of your MVP<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are several core metrics you should keep track of in order to measure how well your software performs as an MVP. By monitoring them, you will be able to understand what is wrong and what needs to be fixed or modified in the product.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">User engagement<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">By measuring a user engagement rate, you could understand how viablethe product currently is for users. As a rule, this metric can be improved by playing with the product\u2019s UX design. So, calculate the total <\/span><a href=\"https:\/\/www.cleveroad.com\/blog\/how-much-does-it-cost-to-design-an-app\"><span style=\"font-weight: 400;\">app design cost<\/span><\/a><span style=\"font-weight: 400;\"> as well as the hourly rate of your specialists to know exactly how much money you spend on design. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Number of downloads<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you create an agile minimum viable product of a mobile application, then this is another important metric you should track. The principle is simple: the more downloads and launch rates you have, the better.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Number of active users<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Even if your application has 10,000 users, it does not mean all of them are using it actively. In this case, you should think about possible strategies that may encourage passive users to come back. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Number of paying users<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In case your software product is not free, it is also important to know how many paying users you currently have. Remember that if you use a freemium model, the number of free users will be always be greater than the number of paying users. And still, if you believe this metric is too low, it is necessary to revise the functionality you offer on a paid basis.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Customer lifetime value<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This metric indicates how much time users spend in your software before they delete it.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wrapping up<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The cost of MVP development may range from $5,000 to $50,000 and higher. It depends on software complexity and the number of specialists involved in your project.<\/span><\/p>\n<h3>Video on Agile Minimum Viable Product Examples and Benefits by Railsware Academy.<\/h3>\n<div class=\"lyte-wrapper\" title=\"Minimum Viable Product Examples and Benefits\" style=\"width:640px;max-width:100%;margin:5px auto;\"><div class=\"lyMe\" id=\"WYL_ixpphYTDiOM\" itemprop=\"video\" itemscope itemtype=\"https:\/\/schema.org\/VideoObject\"><div><meta itemprop=\"thumbnailUrl\" content=\"https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/plugins\/wp-youtube-lyte\/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2FixpphYTDiOM%2Fhqdefault.jpg\" \/><meta itemprop=\"embedURL\" content=\"https:\/\/www.youtube.com\/embed\/ixpphYTDiOM\" \/><meta itemprop=\"duration\" content=\"PT6M54S\" \/><meta itemprop=\"uploadDate\" content=\"2019-04-23T13:01:30Z\" \/><\/div><meta itemprop=\"accessibilityFeature\" content=\"captions\" \/><div id=\"lyte_ixpphYTDiOM\" data-src=\"https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/plugins\/wp-youtube-lyte\/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2FixpphYTDiOM%2Fhqdefault.jpg\" class=\"pL\"><div class=\"tC\"><div class=\"tT\" itemprop=\"name\">Minimum Viable Product Examples and Benefits<\/div><\/div><div class=\"play\"><\/div><div class=\"ctrl\"><div class=\"Lctrl\"><\/div><div class=\"Rctrl\"><\/div><\/div><\/div><noscript><a href=\"https:\/\/youtu.be\/ixpphYTDiOM\" rel=\"nofollow\"><img decoding=\"async\" src=\"https:\/\/www.softwareforenterprise.us\/hub\/wp-content\/plugins\/wp-youtube-lyte\/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2FixpphYTDiOM%2F0.jpg\" alt=\"Minimum Viable Product Examples and Benefits\" width=\"640\" height=\"340\" \/><br \/>Watch this video on YouTube<\/a><\/noscript><meta itemprop=\"description\" content=\"What does MVP mean? Why create minimum viable product? Watch this video to get answers and learn what does MVP stand for, as well as minimum viable product examples and benefits. Airbnb, Twitter, Uber, and Spotify started their way as MVPs. The minimum viable product approach stipulates step-by-step product evolution keeping in mind user feedback. It also corresponds to the philosophy of \u2018ship early, repair later\u2019. We can define minimum viable product as a release of some features to be validated within the market. MVP is meant to bring the core value for early adopters. Meanwhile, newbie entrepreneurs may doubt the necessity and feasibility of this concept and prefer to skip the MVP stage. But that\u2019s a risky decision, and your startup may end in disaster. The core benefits of minimum viable product approach include: \ud83d\udd38 resources optimization \ud83d\udd38 early customer acquisition \ud83d\udd38 value proposition focus At the end of the video, we will review the Mailtrap case (http:\/\/bit.ly\/2GDeQZS) showing how to build a minimum viable product, and how your business can benefit from using this Lean Startup approach. View additional materials from Railsware and join us on social media: \ud83d\udd38Blog: http:\/\/bit.ly\/2LJIaCs \ud83d\udd39Facebook: http:\/\/bit.ly\/2IoaHs4 \ud83d\udd38LinkedIn: http:\/\/bit.ly\/2NLWfjj \ud83d\udd39Twitter: http:\/\/bit.ly\/2QgEVnR \ud83d\udd38Instagram: http:\/\/bit.ly\/2Q9Mf00\"><\/div><\/div><div class=\"lL\" style=\"max-width:100%;width:640px;margin:5px auto;\"><\/div><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article, we highlight in detail all about Agile Minimum Viable Product (MVP), from its main goals, benefits, things to do before building an MVP, and how to measure the success of your MVP. Every software product, without exception, is designed to be a problem-solver. Complex ERP systems provide for real-time data access and [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":9049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Building an Agile Minimum Viable Product to Ensure Software Steadiness - Software for Enterprise","description":"In this article, we highlight in detail all about Agile Minimum Viable Product (MVP), from its main goals, benefits, things to do before building an MVP, and ho"},"footnotes":""},"categories":[77],"tags":[],"class_list":["post-9048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-software-development"],"_links":{"self":[{"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/posts\/9048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/comments?post=9048"}],"version-history":[{"count":0,"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/posts\/9048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/media\/9049"}],"wp:attachment":[{"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/media?parent=9048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/categories?post=9048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.softwareforenterprise.us\/hub\/wp-json\/wp\/v2\/tags?post=9048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}