#mvptesting
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masteryjournalbyjet · 2 months ago
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From Vision to Validation — How BFB Helped Solidify My Business Path
When I first began taking this Business Feasibility course, my goal was to challenge the business idea I've been developing: The Next — a music launch site and agency that helps independent artists succeed by offering revenue-sharing models, marketing, and event planning services in one place. I entered this class hoping to stress-test my idea and gain better insight into whether it might be viable in thecompetitive marketplaces of today. This course served that purpose — and then some. Using Rhonda Abrams' feasibility checklist templates, I was able to viewmy concept from different angles, including financial risk, market demand, competitive advantage, and technical execution. The emphasis on real data and identifying credible sources allowed me to movebeyond intuition and towards substantiating ideas with concrete facts. For example, decomposing the IFPI 2022 report and Patreon creator income using Graphtreon gave me insight into actual artist habits and issues. I also learned the value of customer discovery. Creating a survey and analyzing feedback from real independent artists caused me toquestion some assumptions — specifically, what services they'll pay for upfront versus what they'd like bundled into revenue-share models. This helped to tighten my pricing model and service bundles to better align with real artist needs. All that being said, this class was extremely condensed. I wish that I had more time to do more rounds of testing and gather more customer information. There were just so many ideas that I wanted to prototype and dig deeper into, particularly with real-world interviews and MVP tests. I will be doing this as a continuous process on my own time, but alonger timeline would have provided deeper insights. Moving forward, I plan to apply what I learned in several ways. Personally, I’ll continue using feasibility tools to vet ideas before investing time and money. Professionally, I now have a working draft of a business model I can refine and pitch to collaborators, potential clients, or even funders. The confidence I’ve gained from having a structured validation process behind The Next is invaluable.
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bluewhaleapps · 2 years ago
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itssandy-productmarketer · 2 years ago
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Testing your MVP is a critical part of the new product development process. By following these steps, you can ensure that your product is well-received by your target audience and has the potential to succeed in the market.
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topicprinter · 6 years ago
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I'm going through the process of making my idea into a startup and would like to know what are some stages that I can expect to experience during this process.The way I see it at the moment:Have an IdeaCreate a MVPTest it with customersImprove the idea based on customer feedbackGet enough traction to start pitching to investorsI'm confused on what are the next stages after investments, hiring a team etc. If anyone has already been through this I'd appreciate a breakdown as detailed as possible or any links that you could send my way. Thank you!
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olumina · 6 years ago
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21 ways to test your MVP: https://buff.ly/2Dsq4ip  #HowtoTestMVP #MVPTest @Android #Appinventiv
21 ways to test your MVP: https://buff.ly/2Dsq4ip  #HowtoTestMVP #MVPTest @Android #Appinventiv
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mobileexpressnow · 6 years ago
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21 ways to test your MVP: https://buff.ly/2Dsq4ip  #HowtoTestMVP #MVPTest @Android #Appinventiv
21 ways to test your MVP: https://buff.ly/2Dsq4ip  #HowtoTestMVP #MVPTest @Android #Appinventiv
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