In this episode, Eunice Ajim discusses how to plan your Minimum Viable Product (MVP) for a tech startup. She emphasizes the importance of understanding the problem and conducting user research before building a product. Validating the solution through customer interviews and feedback is crucial. Eunice also highlights the need to start with non-scalable solutions and gradually build towards a technology product. Market research and following Lean Startup principles are essential for success. Finally, she emphasizes the importance of traction and showing potential investors that there is a need for the product before seeking funding.
Takeaways
- Before building a product, conduct user research and understand the problem you are solving.
- Validate the solution by interviewing potential customers and gathering feedback.
- Start with non-scalable solutions and gradually build towards a technology product.
- Market research and following Lean Startup principles are crucial for success.
- Show traction and a need for the product before seeking funding.
Chapters
00:00 Introduction and Problem-Solution Fit
01:00 User Research and Understanding the Problem
02:22 Validating the Solution
04:18 Building the Minimum Viable Product (MVP)
07:06 Market Research and Lean Startup Principles
08:59 Iterating and Scaling the MVP
09:55 Importance of Traction and Funding
10:24 Conclusion
Make sure to connect with Eunice Ajim on various platforms:
Ajim Capital Website: https://www.ajimcapital.com/
Eunice Ajim Website: https://euniceajim.com/
LinkedIn: https://www.linkedin.com/in/euniceajim/
Twitter: https://twitter.com/euniceajim/
Instagram: https://www.instagram.com/euniceajim/
TikTok: https://www.tiktok.com/@euniceajim
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