Oleksiy Nesterenko: Minimum Viable Product and a Startup Company

Before you float your venture, you may have conceived an idea. But you cannot straightaway begin taking steps for launching your venture. You must first build a MVP or minimum viable product because you have to prove that your concept can work. But this is easier said than done because you have to spend considerable time discussing your idea, the features you want to incorporate in your MVP and so on before you finalize it. That is the reason you are advised to seek the services of experts like OLEKSIY NESTERENKO right from this stage. Only then, you can be confident of building a mature and stable product.


But remember, you may constantly need the help of such experts because MVP is a continuous process and not a one-time product-creating exercise. The intention of MVP in your startup is to test quickly if your idea works. But if you want this exercise to be fruitful, you must make a tough assessment and pose questions to yourself as to if the product you intend to offer is very important for your customers, what are the features you must dispense with in the product and so on. Unfortunately, being your own idea, it may be difficult for you to answer these questions impartially. This is also another reason for advising you to seek the help of professionals like OLEKSIY NESTERENKO. 


If your product is a new one, users may not be tough with you. They may even help you in identifying shortcomings, if any, in your product and suggest ways for improvement. On the other hand, if your idea is an improved version of an existing product, you cannot expect users not to be harsh with you. To quote a few examples, the design of the X search-bar offered by Google during 2005 lasted for just a day and similarly, when Motorola Rokr first attempted integrating iTunes into phones, users found it difficult to use. So was the fate of Fire Phone launched by Amazon.

In short, you must remember that the realm of MVP's is highly mean. As a startup entrepreneur, you cannot withstand the risks involved in giving shape to your idea. That is where professionals like OLEKSIY NESTERENKO STARTUP FINANCE can step in and help. These experts know how to put themselves in the shoes of users and design the MVP suitably. They also know that a MVP should not be a sub-par product. So, they ensure to perfect your idea by choosing the most appropriate features so you can go ahead and launch your product confidently.