040: Get Started With Your MVP

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Business Geeks

55 episodes

9 months ago

If you have a business that you’re wanting to grow, join the Business Geeks for a round table discussion on today’s relevant and trending business topics. Samantha Riley, Joe Pardo, and Jennifer Crawford deliver bite-sized pieces of advice that you can easily action to grow your business and give it the best chance of success.

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Entrepreneurship

Business,

Management

040: Get Started With Your MVP

Business Geeks

56 minutes 2 seconds

4 years ago

040: Get Started With Your MVP

The concept of a minimum viable product (MVP) originated from Eric Ries’ Lean Startup. It stresses the importance of identifying and presenting a product’s most rudimentary features so a business owner can collect the maximum amount of validation with the least amount of effort and resources.
In this episode, the Business Geeks discuss the importance of using MVP and how you can use it to fund, launch, and develop your business idea. They also share minimum viable product examples for businesses in the contracting or trade industries.
What To Listen For:

Getting investors vs using your own funds for your business (06:25)
MVP needs to feature what separates your business from others (11:20)
Airbnb as a case study for MVP (12:24)
Using MVP to strip down launch strategies (14:13)
Pare down the features (17:00)
What single problem will your MVP solve and how can you market it? (21:58)
Other features can be used as an “upgrade” (23:30)
Impose deadlines (24:01)
Use MVP even beyond the launch and as your business develops (24:46)
MVP for contracting or trade businesses (27:23)
Listen to what your ideal clients want or what you think they will want (34:30)

What’s Grinding Our Gears
Joe: Phone carrier call waiting systems and strict policies (39:33)
Jen: Subscription company with a confusing message (46:44)
Get My Lunch Money
Joe: Elgato: stream deck products (52:45)
Your Podcast Concierge (57:08)

Check-In With The Geeks
Catch us live each week on Monday 8pm EDT / Tuesday 10am AEST at the Business Geeks Podcast page on Facebook.
Submit your question to the geeks at questions@businessgeekspodcast.com to have your question answered live on the show. Be sure to include your business name for a free shoutout.
Find Samantha at SamanthaRiley.global
Facebook, Instagram, LinkedIn
Find Jennifer at Sparent.co
Find Joe at SuperJoePardo.com