Prototype and MVP Software Development, services that help startups get off the ground
Developing a Minimum Viable Product ( MVP), a product version with enough features to attract early adopter customers is the best way to reduce the risks. From a high-level perspective, a Minimum Viable Product or MVP is a development technique in which a basic version of a new product is launched, with enough features to get the attention of the consumers.
In 2016, Forbes mentioned „no market need” as a primary case in Top 20 Reasons why startups fail. The lesson was never completely learned, and today the percentage stays almost the same. That is happening because most of the entrepreneurs presume their product solves a real problem and consumers will respond accordingly. In some cases, this business logic works, but in many others did not. Sometimes the market needs are no real, or consumers are not willing to pay for the product. Therefore, before investing money and effort in launching and promoting, a startup must test the idea behind the product.
Developing a Minimum Viable Product ( MVP), a product version with enough features to attract early adopter customers is the best way to reduce the risks. From a high-level perspective, a Minimum Viable Product or MVP is a development technique in which a basic version of a new product is launched, with enough features to get the attention of the consumers. After validating the idea and getting sufficient feedback, the final product is fully commercially released in the market.
Do startups have all the necessary resources?
Developing an MVP seems a simple mission, but what happens if a tech startup does not have the necessary developers to start the project? Or if it doesn’t have an experienced Chief Technology Officer to make the transition from concept to commercial product? Does it make sense for a tech startup to develop an MVP internally or rather to outsource development activity to a service provider? We believe the second option is better, and this is exactly why It Teams offers Prototype MVP Software Development for Startups, helping these companies to get off the ground.
According to B2B research firm Clutch, 8 of 10 small companies, including startups, will outsource business functions in 2021. Many are motivated to contract work to external resources to improve operational efficiency and access expert knowledge to support growth. 26% of those companies have 1 to 10 employees, who probably wear several hats at the same time. Also, because startups are usually pretty tight with finance, leaders are keener to cut expenses and keep a low internal footprint. For these companies outsourcing the development of an MVP is the most suitable solution. Google, Amazon, Foursquare, Airbnb, Groupon experimented with such an approach at the beginning of the activity and thus managed to quickly launch an MVP to validate the most diverse ideas and functionalities.
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Outsourcing an MVP. What are the benefits?
Outsourcing the process of developing an MVP introduces a lot of benefits for any startup. It will allow the internal team (usually pretty small) to focus on the core and determine the key features of the product. Also, it will lower the cost, because an outsourcing partner like iT Teams has the experience to work faster and better. This will minimize the need for rebuild and will keep the development cycle short. Equally important, working with IT Teams involves less overhead & admin effort for your team.
Making an MVP includes several steps, from concept Validation (market research, understanding customer’s needs) and Prototyping (crafting a solution, highlight the “must-have” feature) to Development, and Launch. Outsourcing MVP development allows you to access experts that make the entire process fluid, instead of spending time and money on recruitment, hiring, or training.
How could IT Teams help your startup?
You should start with Quick prototyping, and we could help you have a working and demo-ready Prototype and get feedback from customers. The next step will be Collaborative development, which involves long-term technical planning and roadmap. For this, we will provide a dedicated team with expertise in a specific area (such as architecture, design, development).
Later on, we will offer Arch Guidance and Technology Guidance to enhance the architecture of the overall product. Then we step to End to End product development giving you the means (specialists and the knowledge) to develop from beginning to the end. During all these phases, IT Teams provide Project Managers and Business Analysts to ensure that you will launch on time, on budget, and with bulletproof quality.
So if you are looking for an outsourcing partner that will be able to understand and respect your organizational culture, feel free to contact us or subscribe to our newsletter.
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