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Building MVP from business owner’s perspective – Piotr Latoszek | Ruby Meditaiton #23

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Talk at Ruby Meditation #23
September 23, Odessa
2018

Published in: Technology
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Building MVP from business owner’s perspective – Piotr Latoszek | Ruby Meditaiton #23

  1. 1. Building an MVP from business owners’ perspective Ruby Meditation #23 Odessa
  2. 2. Agenda Introduction 1. What is a Minimum Viable Product (MVP)? 2. How to prepare an MVP? 3. Tips and tricks Summary Building an MVP from business owners’ perspective
  3. 3. Introduction Building an MVP from business owners’ perspective
  4. 4. 1. Goal of presentation 2. Personal introduction 3. What is Netguru? Introduction Building an MVP from business owners’ perspective Introduction
  5. 5. ● Highlight benefits from building an MVP ● To outline a practical approach to building MVP ● Encourage you to think in MVP way Introduction Building an MVP from business owners’ perspective Goal of the presentation is to:
  6. 6. ● Piotr Latoszek, Product Owner in Netguru ● 5 years of experience in building web products ● Saas, Performance apps, Marketplaces ● Why am I here? Introduction Building an MVP from business owners’ perspective Few words about myself
  7. 7. ● a Polish software development and software consultancy company founded in 2008 ● From idea through software development to maintenance ● Fintech, Ecommerce, Marketplaces, web/mobile ● Remote working culture, Agile and Dev-Friendly development ● https://netguru.com ● https://en.wikipedia.org/wiki/Netguru Introduction Building an MVP from business owners’ perspective Netguru introduction
  8. 8. What is a Minimum Viable Product? Building an MVP from business owners’ perspective
  9. 9. 1. Definitions and theory 2. What it really is 3. What are the reasons to create an MVP? Building an MVP from business owners’ perspective What is a Minimum Viable Product?
  10. 10. ● Eric Ries: “that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.” ● Wikipedia: “In product development, the MVP is a product with just enough features to gather validated learning about the product and its continued development.” ● “a development technique in which a new product or website is developed with sufficient features to satisfy early adopters.” What is a Minimum Viable Product? Building an MVP from business owners’ perspective Definitions and theory
  11. 11. What is a Minimum Viable Product? Building an MVP from business owners’ perspective What it really is. Idea / product Data collection Customers Building an MVP is the process of gathering the key information about customers with the least effort and translating it into current and future business opportunities.
  12. 12. 1. A business idea, which is the answer to particular customers need 2. Shortage in resources (time, money, knowledge, etc.) 3. Feedback loop and constant refinement of a business idea 4. Higher chance of success What is a Minimum Viable Product? Building an MVP from business owners’ perspective What are the reasons to create an MVP?
  13. 13. How to prepare an MVP? Building an MVP from business owners’ perspective
  14. 14. 1. Defining scope 2. Data-driven approach and writing hypotheses 3. Feedback loop and constant improvement Building an MVP from business owners’ perspective How to prepare an MVP?
  15. 15. ● Various techniques, but one simple question: why would anybody pay for that? ● Value proposition: BMC, VPC ● How big is big enough? How to prepare an MVP? Building an MVP from business owners’ perspective Defining the scope
  16. 16. ● Wikipedia: “A hypothesis is a proposed explanation for a phenomenon. For a hypothesis to be a scientific hypothesis, a method requires that one can test it.” ● Why do we need hypotheses? ● How to write a good hypothesis? How to prepare an MVP? Building an MVP from business owners’ perspective Writing hypotheses
  17. 17. ● Where to get feedback from? ● Before you start the analysis ● How to choose the next step? How to prepare an MVP? Building an MVP from business owners’ perspective Feedback loop and constant process refinement
  18. 18. Tips and Tricks Building an MVP from business owners’ perspective
  19. 19. 1. What to do? 2. What to avoid? Building an MVP from business owners’ perspective Tips and Tricks
  20. 20. ● KISS principle: “Keep it simple, stupid” ● Start with free tools. Don’t pay for super-fancy all-in-one systems which bring you the same value as the ones which are free ● Do as much as you can manually and you’ll learn faster ● Be always open to your customers opinions ● “When nothing goes right, go left” - be flexible Tips and Tricks Building an MVP from business owners’ perspective What to do:
  21. 21. ● Focusing on a product more than on its customers ● Lack of feedback loop ● Chaos ● Demotivation ● Promises which you’re unable to keep Tips and Tricks Building an MVP from business owners’ perspective What to avoid:
  22. 22. Summary Building an MVP from business owners’ perspective
  23. 23. Building an MVP from business owners’ perspective 1. Minimum Viable Product 2. Simplicity Summary
  24. 24. Piotr Latoszek Product Owner piotr.latoszek@netguru.co https://www.linkedin.com/in/pzlat/ Building an MVP from business owners’ perspective

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