When starting a new business or product, getting things off the ground quickly and efficiently determines success. While building a software product, you do it through a Minimum Viable Product (MVP) that provides your users with a set of core features that solves their immediate problem. The MVP helps you get feedback from your users […]
The best way to learn something new is by example. If we can see what works and doesn’t work in real-life situations, we have a better chance of learning from those examples than trying to figure things out for ourselves. This article will give four examples of how founders came up with their minimum viable […]
When building an app, there are always a lot of features to consider. Some of these features are critical to the success of your product, while others are nice to have. But how do you decide which ones to prioritize? How do you know if a feature is worth adding to your MVP? In this […]
In the past, projects involving new product development were typically allocated resources towards the complete project that “sounded great” and were therefore given time, people, and budget to explore. Sadly, and as many can attest, this was proven to be a waste of precious resources and time. We had earlier wasted so much money in […]
In our earlier posts, we talked about what makes a Minimum Viable Product successful. Now let’s talk about measuring its success! The first thing to do after releasing an MVP is to start tracking key performance indicators. KPIs are important because they allow us to see if the efforts put in were all worth it. […]
If you want to build a successful software product, you need to start with an MVP. Minimum Viable Product is a version of your digital product that has the minimum features needed to solve the pain points of your earlyvangelists to prove that there is demand for your product. The goal of an MVP is […]
A startup competitor analysis (SCA) helps entrepreneurs and to-be founders understand their competition by looking at how their competitors are addressing the pain point that your startup is planning to address. It is an important step in creating your business plan. SCAs provide valuable information such as product features, pricing models, marketing strategies, customer acquisition […]
Some people assume that only developers or those with technical backgrounds can build successful products, and an entrepreneur without technical knowledge cannot succeed. Many non-tech entrepreneurs with great ideas keep them to themselves because they think it’s too hard to develop a tech product. Fortunately, this is just a popular misconception; in reality, there are […]
As an early-stage tech startup founder or someone planning to become one, it is important that you are aware of the common pitfalls that you will most likely encounter on your journey. In this article, we will list five of the biggest mistakes entrepreneurs make and explain them with examples. After reading through this article, […]
Introduction Our unique proposition is that we help you develop your idea into a marketable and sellable Intellectual Property in as less than 60 days. In startup ecosystem, that’s a rather very short span and a big promise. So, how do we deliver it? We open up our methodology. Merkat Intellekt’s Idea to IP (I2IP) […]