The Minimum Viable Testing Process for Evaluating Startup Ideas
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The Minimum Viable Testing Process for Evaluating Startup Ideas
Hypothesis Testing at Grockit
Eric Ries • The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
Every business plan begins with a set of assumptions. It lays out a strategy that takes those assumptions as a given and proceeds to show how to achieve the company’s vision. Because the assumptions haven’t been proved to be true (they are assumptions, after all) and in fact are often erroneous, the goal of a startup’s early efforts should be to te
... See moreEric Ries • The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
If we were to try to test an entire idea, we would have to build a Minimum Viable Product (MVP). The problem with MVPs is right there in the name — “product.” MVPs offer the perfect excuse to skip assumption testing and start building your product instead. While you may intend for that initial MVP to be small in scope, it often shifts in definition... See more
Daniel Kyne • 15 Methods For Testing Your Assumptions [Research Guide] // OpinionX — Free Stack Ranking Surveys
A great business idea isn’t enough. You need to quickly and cheaply test your assumptions to establish whether your product meets the needs of a market and fills this niche well enough for people to pay for it. The early days of a startup should involve constraint testing, tweaking and learning with the ultimate goal of discovering product/market f
... See moreWill Schmidt • The 30 Day Startup: How to Create a Successful Tech Startup in 6 Weeks for Less than $50K
How I would choose my next startup idea:
1. It must be a product in a growing market. Startups can take years or even decades to fully develop, don’t risk creating an amazing product just to have the user base dry up.
2. The value of the product must increase over time. For example, as you upload more to a social media platform and make more friends,... See more
1. It must be a product in a growing market. Startups can take years or even decades to fully develop, don’t risk creating an amazing product just to have the user base dry up.
2. The value of the product must increase over time. For example, as you upload more to a social media platform and make more friends,... See more