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Your MVP doesn’t need to be perfect; it needs to be stage appropriate

TechCrunch

Startups are essentially machines that build MVPs (minimum viable products) that help answer questions and gradually de-risk the value proposition of the company. In my experience, a lot of startups worry about scaling way too early, wasting resources on something that may never be needed.

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How to Succeed With Limited Resources

Let's Grow Leaders

You don’t have enough time, enough resources, or budget– or maybe you lack all three. According to research psychologist Adam Grant, increasing resources increases your likelihood of a project’s success… but only for a while. Identify the minimum viable product– a prototype to test.

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Budgeting and planning for your first digital product

TechCrunch

Functional minimum viable product. Many variables impact these product development costs. A minimum viable product (MVP) that can be tested by customers for feedback. A production-level product capable of scaling your user base. . <$25,000. Do it yourself; not a commercial budget.

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How to know when it’s time for your startup to stop DIY-ing legal work

TechCrunch

From the outside looking in, the world of startups can feel informal: You meet your co-founder at a happy hour, your lead investor over Twitter DMs, and focus more on launching a minimum viable product than buttoning up onboarding processes. But that’s not where the story stops.

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Get Better User Insights With Wasteless Validation

Speaker: Tim Herbig, Product Management Coach and Consultant

Product teams tend to get ahead of themselves by rushing from idea straight to building a Minimum Viable Product (MVP). How can a product manager slow their team down and prevent them from wasting valuable resources? Why a product manager should validate first and build second.

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What is technical debt? A business risk IT must manage

CIO

For example, if the underlying code of an application pushed quickly into production is convoluted and difficult to update and maintain, the time or resources saved in the process of writing it will eventually need to be repaid in frustration and work down the line.

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Scaling Startups: The Ultimate Guide For Founders

Luis Goncalves

As Meghan Matuszynski, CEO of Inbound Media Solutions, notes: “Growth is about incrementally adding resources to increase revenue. Scaling is about dramatically increasing revenue without a dramatic increase in resources.” How do the challenges differ between scaling a physical product business versus a digital product?