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How to Create your own MVP
As an entrepreneur, there are so many tough decisions that you are going to take. One wrong decision can change your business completely, so making the right decision at the right time is so important. Even while launching a product or starting a new business, there are a lot of risks you are going to take. So, if you want to reduce the risks it is very important that you use the right strategy. Minimum Viable Product (MVP) is one of a great way to know the real insight about your new products or business.
MVP is really an amazing way to bring your idea into reality. So, if you are launching a very new product or starting a new business, make an MVP of it. This will give you a full business insight that might help you with your product success. However, there are so many factors affecting your product's fate. To make things easier for you and your business, you need to create your very own MVP.
Do you want to know how to create your MVP? Here are some simple tips that might help you.
Discuss your MVP idea with like-minded people
While creating your MVP, it is very important that you discuss your MVP with the people who have ideas about it. Brainstorming is a great way to challenge yourself and to get new opportunities. It is always advisable to share your idea with the people who have a complete idea about it. They will make your idea even better and help you to bring your idea into reality.
You need to be technically sound for desired results
For your MVP, it is very important that you have a highly advanced team. A team with the right design and development team will help you to create your MVP. With the right MVP, you are able to get the desired success that you are looking for. A tech team will save you from investing in pointless resources and keep your product development on track.
Keep an eye upon your budget throughout the process
Budget is an important factor that brought you to invest in an MVP in the first place. It is very important that you have the right budget while creating your MVP. Moreover, MVP is way cheaper than the final application and it is a great way to get market insight. The only thing that you need to ensure while developing your MVP is your budget. This will ensure that you don’t hassle while developing MVP.
Iterate, Improve, and Share
Once your MVP is ready, now you are all set to roll out the MVP in the market. Before you launch your MVP, it is very important that you pass some QA test cases so that you can ensure that there are no bugs left in the MVP. After launching your MVP, make sure that you measure your MVP success. Share it in your networks and collect the feedback.
7K Startup is the right platform to create your very own MVP. 7K Startup has the right team that will help you to design and develop your very own MVP. Contact 7K Startup for further assistance.
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How to Create MVP Website for Your Business
Starting a new business or launching a new product is very daunting and risky. This is the only reason people are really afraid when it comes to launching a new product or starting a new business. It is very important that you choose a simple way where you are able to get lots of benefits with minimal risks. Developing an MVP for your product or business is the best way to ensure how your product is going to perform in the market. This is also a wonderful way to get feedback from your target audience and ensure that everything is under control. If you are all set to build your MVP, then make sure that you choose a partner that has an equal understanding of this. So, hiring an MVP web development agency will help you to build an MVP that works for your business. But, you might be wondering how you should create an MVP. Well! Here are some steps that you should consider.
Determine the scope of the MVP
While building an MVP website, the very first thing that you need to do is to determine the user’s experience. If your users are not able to interact with your website, then your product or business is never going to be successful. There are hundreds of installations that are going to happen so, it is very important that you determine the scope for the MVP. if your target audience is larger, then it becomes very important to build an MVP in a bigger way.
Identify the goals
The very first thing that you need to do is to identify the goals that you need to grow your business. Just according to that, you need to build your MVP. If you want your product to be successful, then you need to recognize the customer’s needs and demands. Just because of that, you need to work accordingly. Once you are able to set the goals, then you are able to get the sources that you are looking for.
Check the user’s journey
Building an MVP website can only be successful if you are able to define the user’s journey in a greater way. So, make sure that you need as many features as you can as it will give you a clear picture of what your customers are looking for. After building an MVP, make sure that you trace the user’s action so that you are able to identify what your users are looking for.
Prioritize Features
The very first thing that you need while building an MVP is to check the features that you want. There are so many features that you should put in the MVP, but you can’t put all of them together. So, it is very important that you prioritize the features. Make sure that you add all the features that you should add just to define the products. When you get the possible feedback from your target audiences, then you can just add them up.
Building an MVP for your website will give you the feedback that you want to know. With this, you can know whether your product will get success in the market or not. 7K Startup is the best MVP development agency where you are able to build your MVP. With years of experience, you will get what you are looking for.
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How to Bring Growth in Your Small Business Fast
Let’s face it! Bringing business growth is hard. So, now entrepreneurs are working day and night to get business success. Undoubtedly, getting business success is not as easy as you think it is. So, you must use the right method to gain success. While opening your business, make sure that you connect with your target audiences. This will also ensure your business's success in a limited period. One thing that you should never forget is your clients, keeping your clients happy is a very important aspect of your business success. By using some effective and innovative strategies, you can make the most profitable small business. If you are using some innovative strategy, then you are not going to get the success that you are looking for.
Well! If you sit down and clear your mind, then you can find out some unique perspectives so that you are easily able to identify other perspectives to get business growth. Do you need some ideas about this? Take note of the following points.
Know your customers
If you want your business to have instant growth, then you must know your audience very well. It is one of the most important things that you should never forget. Knowing your audiences better will deliver you better business opportunities and you will be able to grow your business. Understanding your customer’s needs and requirements is very important as it will help you to develop products. You need to connect with your target audiences so that you can tell them how your products and services are going to change their life.
Research the competition
When you go to the market, you notice several similar products. It is, therefore, very important that you differentiate your product from the competitors. You should also tell your target audiences how your product is different from the others. It is therefore very important that you research your competitors. If you want to increase your business growth, then you must study your competitors. This is one of the great ways to know why your business is lacking behind. With this, you can also change your marketing strategy.
Identify new business opportunities
By understanding the demographic location, you can know your target audiences and competitors. This will also help you to analyze your market and you can also be able to check whether your strategy is working or not. With clear research, identify the foreign market and the potential market as well. With new business opportunities, you can get business growth. There are dozens of business opportunities in the market, you just need to identify them.
Use social media
If you want to get business growth, then you must use social media. This is one of the great ways to connect with your target audiences directly. Through social media, you are easily able to find out what your customers are saying about you. You can solve their problems and tell them how your product and services are going in their life.
7K Startup is the perfect platform to create your very own MVP. As you are well aware of the fact that MVP is gaining your attention, 7K Startup will create an MVP according to your choice.
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Golden Rules to Follow to Become a Successful Startup Entrepreneur
Just like any other person, becoming a boss is something that we desire. When you are the boss, you don’t need to work under someone’s order, rather you will give the orders for your job done right. This seems to be very easy but it’s not. To become an entrepreneur, it is very important that you follow the right strategy. Starting your very own business is very daunting and exciting. While starting your business, one thing that you should never forget is planning. Without proper planning, you will not be able to get what you are looking for. Business in zero risks is something that is unavoidable, so making sure that your business has zero risks is very important. If you want to run your business with zero risks, then make sure that you build your MVP. MVP is the best way to launch your product with zero risks and here you will also get the feedback that you are looking for. So, if you are stepping into the business world for the very first time, then make sure that you follow the right strategy. For the new entrepreneur, follow these golden rules below.
Work smarter
This is the very first thing that you need to do right away. You actually don’t need to work harder; rather all you need is to work smarter. There are so many ways where you can work in a smarter manner like hiring experienced people. Working every minute won’t make you a successful entrepreneur rather utilizing every minute will make you a successful entrepreneur.
Hire experienced people
It is as simple as it seems, hire more people for the tasks that you are not good at. You need to do business that can make your product successful and for that, you need an experienced person by your side. This will also help you to focus on the core objectives while your team will be focusing on the other tasks. As an entrepreneur, you really need to make sure that your team is performing the tasks properly.
Spend less
There are so many ways, you can spend less money while doing lots of activities. You can hire any freelancer that will help you to perform the tasks on a regular basis. Even, it won’t break the bank as it can be extremely affordable. As a startup business, you know the value of single money. So, make sure that you utilize this perfectly.
Get motivated
Life is really stressful and if you are starting a business, then your life would be very stressful. So, it is very important that you stay positive in the best possible way. Motivate your team to work harder and make yourself available for your family and friends. Some things the competition is really tough which is far from the expectation.
With the best ever strategy, you will become a very famous entrepreneur. All you need is the right direction and positivity to follow the direction. 7K Startup is the best platform where you can build your MVP. We will give you an MVP that you are looking for and our MVP will make your business even better.
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Challenges to Face in Big Data Analytics for Retail
Retail is one of the oldest platforms where buyers and sellers interact with each other. Retail has been in the market for a long period of time, even before eCommerce and mCommerce. To make things done right, retail owners relied on a great product display, effective salesmanship, and competitive pricing. With the evolution of technology, retails have always got whatever it was needed. In the last few years, retail owners started using big data analytics for storing the data. Now you must be wondering what “Big Data” is? Basically, it is not about the size of the data, rather it is all about how you use the data. When you are working with Big Data, you can process tools, goals, and strategies. This process is quite difficult than the traditional one.
Retail is the perfect candidate for big data as this industry uses the big data of information. From volume, variety, and velocity data big can help you to get the information in the right manner. You can store various information like customer’s behavior on normal days and holiday sales. This will give you the right information like price, quality, and accessibility. Now, you might be wondering what problems that retail faces in Big Data?
Here’s the list of challenges that retailers face in big data analytics
Ensuring the data collected is accurate and identifiable
Whenever big data is installed in retail, the very first thing that you need to decide is what kind of information you want to store. Basically, Big Data Analytics can help you know which payment method customers are using. There are so many customers that are using multiple payment systems just for a single purchase. For retail, it is very important to store this information. When it comes to big data scenarios, it is quite a challenge as the customers are quite unpredictable and expecting to stick to one payment method would create problems.
Collating Data from Disparate System
Even the small-scale retailers use software just to store the information of warehouses and inventory. Basically, they use billing software that helps retail store information about front-end transactions and customer relationship management. The main problem of Big Data analytics is to gather data from these different systems that work in silos and unify that data into one single unit that is fit for analysis.
Ensuring Data Security
Ensuring your data is fully secure is very important as it would lead to any problems. Once your data is leaked, your business would face the biggest problem so data security is very important. It is very important that you have strict servers that would carry repeated penetration tests to internal security. So, it is very important that you have secure data today. While installing big data analytics, make sure that it passes the biggest hurdle.
Timely Adoption
For many retailers, big data exercise would be really daunting and challenging. When it comes to the data-gathering point, it doesn’t perform better. So, it is very important that you regularly check the big data. It also needs some sort of routine maintenance and it would increase the responsibility of the staff. So, the time adoption is one of the biggest challenges that retailers face.
While there are various challenges of Big Data, there are various opportunities too. If you use it in a proper manner, then you will be able to improve your shareholders. For the record, Big Data is the next big technological bandwagon. This will give you a better insight into the customers.
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Benefits of Using Flutter While Building Your MVP
Not everyone is aware of what flutter is, so it is an open-source UI software development. If you want to build a mobile application for Android, iOS, desktop platforms like Windows, Linux, Google Fuchsia, then Flutter is the best way to do that. This is however very important that you go for fast development, expressive and flexible UI, and native performance. If you want to build your MVP, then you should choose flutter. For startup MVP development, flutter is really good and it also gives you lots of benefits. What are those benefits? Check out the following points.
Fast Development
One best thing about the flutter is that it will make your work so much easier and it will also reload the features. This feature will also make it possible to build the user interface. With the help of Flutter, you can also fix bugs faster and experiment with the addition of the new features and you can also experiment with the new feature additions for simulators and hardware for Android and iOS.
Native Performance
Android and iOS have a very different user experience. As you know mobile application development frameworks compromise on the native application framework compromise on the native application. If you are using Flutter then it will also ensure that all native application performance elements like scrolling, fonts, navigation and even use of icons are properly incorporated.
Flexible UI
This is one of the best ways to carry forward what Google is renowned for. This is also expressive and flexible UIs that elevate the customer experience. This is also known for the built-in widgets for material design and Cupertino as well as default animations for natural scrolling, rich motion APIs, etc.
7K Startup is the best platform where you can build your MVP. With years of experience, you can do whatever you are looking for.
#mvp development#seeding investment#seed investment#pre-seed funding#seed funding for small business
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How To Build Startup That Brings Success
Everyone wants to be unique and exceptional, but building a million-dollar company in just 12 months is the biggest challenge. Even those companies who have shared overnight success stories had their own struggle for several years before finding their big break.
So what’s the secret mantra of building a successful startup? First of all, you have to be very passionate, committed, and willing to work for a long haul. Many startups fail because their leader tends to give off soon. So, if you don’t want your idea to fail, then the very first thing that you need to do is to be realistic and set your goals.
Moreover, understanding the principle and steps will make a huge difference to build a startup business successfully.
Develop an Idea
The development of the idea and knowing how your idea is going to work is a laborious task. Literally! There are so many things that you should take into account. But, the main thing that you have to decide is how your idea is going to benefit people. Pay attention to the long-term benefits and the main criteria for being successful are durability, trustworthiness, and sustainability.
The best companies are formed by people who are passionate about their dream and do their best to achieve their goals. Your success story begins when you become passionate about your goals and you do all the hard work that is required to achieve those goals.
Explore the Market
Understanding what sort of market you are going to enter is the key to success. If you don’t know anything about the market, then your efforts will be in vain. If you want to get success, then it is very important that you have proper marketing research. With the proper marketing research, you are actually able to know what kind of market you are entering. You are also able to know your target audience and how to reach them.
Be Determine
To build a startup, it is very important that you have great determination. With the right determination, you are able to get the success that you are looking for. If you have the right willingness, your business can get as profitable as you want. The only thing that is necessary is to keep yourself motivated and the ability to overcome difficulties. It is very important that you creatively solve the problems that you are facing while starting your business.
Think about the team
The number of people in your team should not be big, rather they should be creative. This is one of the most important aspects that you should never forget while creating your team is to find the people who are motivated. Keeping the motivated team on your side will give you the results in a faster and effective way. The future of your startup is totally dependent upon your team, so choosing them wisely is very important.
Visualize the Business Organization
While starting your business, there are many things that you should take into consideration. Registering your business is the very first thing that you must do right now. Moreover, you should also go for legal advice and accounting support is something that you should never forget. There are also several other things that you should never forget like building an effective business model of your business is also important.
If you are building your startup, then it is very important that you go through the potential risks. Minimizing these risk factors and moving forward is something that you should never ignore.
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Some Typical Problems For Tech Startups
There are many startups that are developed based on ideas. If you want to run a successful business, then it is very important that you have the right passion and knowledge. This is one of the great ways where you can get the success that you are looking for.. Utilizing the best way to get profit can only be possible if you are using the right strategy. So, make sure that you build your startup MVP development. This will make you get the maximum profits that you are looking for. But, just like anything, you might face lots of problems while building your startup. What are these typical problems and what is the solution to this problem? Check out the following points.
Trying to serve everyone
If you are trying to build an application that can engage with everyone, then your application should be focused on target audiences. If you create an application which the best functionality, then it is very important that you build something that gives a really good impact on your customers. It is very important that you focus on some sort of target audience so that you can create an impact that you are looking for. You really need to make sure that you find your target audiences on various platforms.
Not following to-do list
It is very important that you follow the to-do list. This will make sure that you kist you want to achieve should be there. This will also make sure that your business starts doing according to the strategy. Without having a proper strategy. It is impossible to get the results that you are looking for. So, you really need to make sure that you follow your plan just like the strategy.
Struggling for Investor Support
This is one of the common problems that you face while building your startup. If you want to impress your investors, then it is very important that you make your application the best. MVP is a nice way to impress your investor as it would be interested in investing in such videos. The only thing that the investor wants to make sure that they are investing in a nice product. So, it is very important that you make sure that you give them millions of reasons to invest in your product.
7K Startup is the best platform where you can build your MVP. With the years of experience, you will tell you what your market needs and also help you to identify your target audiences.
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5 Types of Startup Funding That You Might Don’t Know
When you start your very own startup, then the very first thing that comes is the funding. When you get the funding, it is very important that you use it in the right way. There are so many ways where you can get your funding but making an effort in the right direction to get the funding is right. One of the best ways where you can be able to show your business in the best possible manner. Now the million-dollar question is how you are going to do that? It is done when you build your MVP. One thing that you need to make sure while building your MVP is you build something that represents your brand in the best possible manner.
If you are the one who has no idea different kinds of funding, then here’s the top 5 startup funding that you should know.
Series funding
Series funding is a type of funding where you get funds in series wise. This series of funding is calculated alphabetically from A, B, C, D, and E. Each series of funding is higher than the next one and each one increases the value of others. Each series of funding is different from others.
Series A comes from venture capital firms. And many startups fail to reach the point of making it to series A.
If your product is in the market and it needs to expand, then your startup falls in the series B category.
In case, your product is doing really well in the market and you want to explore the new market, then your startup comes in the category series C.
If you want to explore the new opportunity in the market, then you come in the category series D
There are few startup companies that fail in the category of series E. So make sure that you don’t reach this stage.
Crowdfunding
Not many people are aware of crowdfunding. It is the method of raising the capital with the help of friends, family, and relatives. Basically, this is a collective effort approach where a large part of the pool gets participated. If you want to crowdfund, then it is very important that you choose the right platforms like social media. This is quite a difficult approach as you need funds from your friends and family. The idea is limited to wealthy individuals and limited pools. But, with the help of crowdfunding, you will get various business opportunities.
Loans
A small business startup loans help the entrepreneur to start the business. It is one of the best options for entrepreneurs who are looking to start their company or want to grow better. There are so many types of loans that you can go for like SBA loans, credit cards, short term loans, and friends and family.
Venture Capital
The goal of the venture capital investment is to give you a high return and it also has high risks. If you are looking for big capital, then you should definitely go for venture capital. As you know, the investment is quite large, so you can take all the money and grow your business. If you are creating a large amount of money, then you might involve the potential risks.
Angel Investors
One of the best benefits of going for angel investors is that they can usually invest money on their own. If you want to get faster growth, then this is one of the best ways to ensure that you get it. Even, the angels tend to have subject matter expertise in a particular area. In this way, it will help the entrepreneur in huge ways.
Getting funds for your startup business is not as easy as it seems to be. There are so many difficulties you will face while convincing your investors. Knowing which direction you are going to tend will give you lots of benefits. 7K Startup is the best platform where you can get the MVP. We ensure that you get an MVP just according to your business requirements.
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