MakeyourMVP

Turn your business idea into a viable product

Introduction

MVP is the abbreviation of Minimum Viable Product. A MVP has just those core features that allow the product to be deployed, and no more. The product is typically deployed to a subset of possible customers, such as early adopters that are thought to be more forgiving, more likely to give feedback, and able to grasp a product vision from an early prototype or marketing information. (Source: Wikipedia)

Based on this concept we have developed makeyourMVP, which is a crowdsourced business ecosystem and platform for developing, validating and financing your business Ideas. The rationale behind this platform is to

  • Convert your ideas into viable products, and hopefully your “MVP to MVP”
    • Turn Minimum Viable Product to Most Valuable Player
  • Validate your business idea in the real world
  • Enjoy 360 support, from idea development to funding
  • Stop making assumptions and start making money

Details

The whole procedure is divided into the following steps:

  • Idea Submission
  • Format Business Outline / Idea Evaluation
    • Need being addressed or problem being solved, identify key competitors, co-decide on target audience, positioning, principal components of your solution, revenue models, cost structure, KPIs.
  • MVP Development
    • Define MVP | Find the golden mean that validates your idea at a minimum time and cost.
    • Prototyping | Develop of a fully interactive prototype
    • Market Test | Attract early adopters (customers), testing the prototype, get feedback, update
  • Market Development / Scale-up
    • Develop online presence and start promoting
  • Business Model Finalization
  • Funding Roadmap | Start-up creation
  • Idea owners/providers
  • Developers (participating in the MVP development process)
  • Customers (testing and giving feedback on your MVP)
  • Investors (financing your product/start-up)
  • Crowdpolicy Ecosystem
    • Crowdpolicy Human Resources and external partners covering all business functions (marketing, accounting, legal etc)

For Idea Owners/Providers

  • Test the product/service in the real world using minimum resources
  • Turning own (biased) hypotheses into real market feedback
    • Avoid the “I have a killing idea” effect
    • Avoid the “Better Mousetrap than nobody wanted” effect
  • Build the product/service on real market needs
  • Accelerate product/service launching
    • Save valuable time and resources
  • Validate Business Idea/Plan
  • Find investors
  • Launch your start-up

For Investors

  • Evaluate already tested products/services and business model

For Customers

  • Co-participate in the product development, solving a “real” problem
  • Get access to innovation
  • 360 Support
  • Top-of-the-line experts
  • Agile Processes
  • Robust business ecosystem
  • Extensive and in-depth experience and knowhow