Stemming from Lean Start-up Theories, Minimum Viable Product (MVP) is a product built from the minimal set of features that could be utilized to test the market and get customer insights. Due to insufficient resources and the lack of comprehensive analysis of the key business steps with associated costs, a MVP is an optimal solution to deal with these issues and address the effort needed to develop a new product with more actionable suggestions.
By developing a Minimum Viable Product, you start thinking about creating a succession of learning about your potential users by delivering compelling and straightforward values rather than consider the big picture of your final product delivering all of your desired outcomes. Involving minimal resources and reducing the unnecessary programming hours, a proper MVP is a process of hypothesis (assumptions) testing and validation. As a result, it not only helps you get the invaluable early customer insights into the actual features you should build and develop, but also lays a solid foundation for your final product development and “go-to-market” strategies.
Research shows that around 60% of the features in software products we build is waste. What’s worse, companies, in particular small business, cannot afford the continuous waste of money and unexpected depletion of company resources. To deal with this issue and visualize the minimum effort required to build a new product, Shinetech Europe followed a lean start-up approach to develop a minimum viable product calculator. After studying a couple of MVPs we have designed for our small business clients, we specify the key components required in each development phase and associate the necessary development effort with appropriate cost structure.
Specify which platform you would like your product to be built on.
Estimate the number of key features you would like your product to include.
Determine the number of core user types you would like your product to involve.
Architecture is the foundation of the application. A good architecture can be scaled up for future migration and integration.
Select what level of design you would like to invest in.
Payment integration requires extra supporting infrastructure. Specify what payment method you would like to build.
If you are not satisfied: The cost of the latest iteration (two weeks at most) will be waived if client is not satisfied with the deliverables and notifies Shinetech within 1 week.
Depending on your requirements, the contract can be project-based, prioritized user story-based and workload-based. All types of contract can be cancelled within 10 working days if you are not satisfied with our performance or staff.
Our competitive rates, together with high successful rate of project delivery ensure that you can benefit from our high quality deliverables in a cost-efficient way.
A free consultation with our industry specialist is available. We will respond within one business day with a further evaluation regarding your requirements.