Attention Entrepreneurs! Avoid This $300k Mistake When Building Your MVP 🚀
A fellow entrepreneur recently shared his story with me: he spent a whopping $300k on developing an MVP with an agency, only to find out it didn’t work as expected. 😱
Here are 🔑3 KEY TAKEAWAYS🔑 to help you avoid such pitfalls:
1️⃣ MVP ≠ $300k: Remember, the “M” in MVP stands for “Minimum”! Your MVP should typically take no more than a couple of months and >$30k to develop. Don’t let your MVP turn into a costly nightmare! 💸
2️⃣ Choose the Right Agency 🎯: Before entrusting your MVP to an agency, verify their experience in similar projects. Fancy decks and grand promises won’t deliver results. Look for tangible demos and case studies that demonstrate their capabilities. 🚀
3️⃣ Non-Technical Founders, Unite! 🤝: If you’re a non-technical founder, consider bringing a technical co-founder or a fractional CTO on board. Their expertise will help you navigate the process more effectively and ensure you avoid expensive missteps. 🧠
💬 Let’s talk MVPs! Share your experiences, tips, and insights in the comments below. Let’s learn from each other and help fellow entrepreneurs succeed!