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[–]submitted_5_days_ago 9 points9 points9 points 10 years ago [recovered] | Copy Link
A useful representation of a MVP.
The goal of a MVP is to minimize costs (money & time) and maximize the understanding of your future benefits (profit).
But reflexivity should be kept in mind: The feedback you gather will influence your subsequent changes of the product to adapt on people desires, but the way you implement and show your MVP to people will also influence said feedback. A very sensible balance.
One advice for people who want to start is to go for it. Act. Develop a reasonable mid-long plan and start doing. You'll never "feel ready."
Books are extremely useful but they can only approximately describe the jungle, you will find real jungles are much more scary than how they look from the outside.
Will you eat or be eaten?
You can actually think of you mind as a MVP. Develop it through reading and test it through doing.
[–]redpillresources 3 points4 points5 points 10 years ago [recovered] (2 children) | Copy Link
Yes exactly, one argument against doing an MVP though is the fact that putting out a mediocre product may hurt your reputation.
This was talked about a bit between Mike from www.dangerandplay.com and Victor from www.boldanddetermined.com , Mike was of the opinion that you should always start straight away and readjust later I.e. Lean Startup, Victor believed you should do it completely professionally from the start.
They've both had success so either way can work, the only thing is that you need to be certain of yourself if you're going to do it Victor's way. You can't afford to waste a lot of money and time if it fails. But for most people it's probably best to use an MVP in my opinion.
[–]unicorn-carousel2 points3 points4 points 10 years ago (1 child) | Copy Link
Viable is the emphasis, not Minimal. Design exactly as much as your initial audience cares. That might be a costly assumption... can you test their responsiveness to various levels of design first? Eg. present the same call to action with A/B on the basic vs. polished presentation.
[–]redpillresources 2 points3 points4 points 10 years ago (0 children) | Copy Link
That's a great idea, thanks for adding to the conversation.
[–]Senior Endorsed Contributormax_peenor1 point2 points3 points 10 years ago (1 child) | Copy Link
the concept of innovation accounting.
Yes, such as burning through placement after placement after placement with no IPO on the horizon. Their run rate was $40m just a few years ago. This company is going nowhere.
This is not a statement of his methods. I haven't read them and there may be merit; I encourage people to form their own opinion. I am just giving caution that people shouldn't grant Eric authority on the subject by virtue of the company he helped build.
[–]redpillresources 0 points1 point2 points 10 years ago (0 children) | Copy Link
Fair enough, a lot of his methods are derived from Toyota though so I wouldn't really call him the original creator.
[–]All__fun1 point2 points3 points 10 years ago (2 children) | Copy Link
I have notes on this book if anybody is interested.
In NO way do my notes replace reading the actual book.
send me your email, if you're interested.
[–]_eskimo_brothers_0 points1 point2 points 10 years ago (1 child) | Copy Link
This book is on my list, going to pick it up in a week or so - can you send me your notes via PM?
[–]All__fun0 points1 point2 points 10 years ago (0 children) | Copy Link
the notes are too long for PM
[–]bergkampinthesheets1 point2 points3 points 10 years ago (0 children) | Copy Link
I have read this book and want to affirm to its benefits for development. Apart from the business and entrepreneurship examples in the book, I want to give examples where you can apply the theory of the book to self-development:
Developing a new habit. I know I want to lift. However the knowledge of what I need to do itself hasn't helped me cultivate the habit. Breaking up the goal (fitness in this case) into small achievable steps to experiment (new lifting techniques, increasing weights etc.) helps me from being overwhelmed. If I have a feedback loop where I have clear definitions of success (x reps at y weight per session) and progress (improvement in BMI, core strength) I won't feel disheartened that I didn't get 6 pack abs within a week. This is all obvious, yes, but having a written plan that you can always refer to, and charts where you can measure yourself helps you stick to it.
Testing out new socialization strategies The MVP model helps me cut down all the fluff and narrow down exactly the thing I want to try. Say I want to know if being overtly extroverted helps me increase my intimate interactions. I can narrow down on the exact traits I define as extroverted (people I cold approach, intimacy of topics), and test them in specific situations (2 parties this week), and have defined goals (talk to x girls every week) of how women respond to it (high energy introductions work better!, ease into intimate topics etc.).
One point of the book I especially want to bring out is feedback. It says that when you create a product, listen to your customers at every step. The author describes this in detail, that how their initial product changed because of customer feedback and broke their assumptions which seemed obvious to everyone. I see a parallel to this in taking feedback from women. Always look at their actions over their words. If you're really tuned to their actions you will understand them better at every step you present yourself (where your self is the evolving MVP!). This kinds helps answer "what do I talk about?", "how to maintain frame?"
A lot of times TRP gets too anecdotal to a point I feel like the OP is just trolling. It hampers discussions because every anecdote has a counter anecdote. Lean Startup's controlled development and innovation will help get rid of unfounded generalizations (and bring out nuances), it highlights emotional investment in ideas (so that it can be avoided), and helps formalize anecdotes into data backed insights.
[–]Govedo130 points1 point2 points 10 years ago (0 children) | Copy Link
Good book. Read it about 3 years ago. Solid recommendation. Sadly at some points is too software oriented even if the lean concept could be used in all types of industry.
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[–]submitted_5_days_ago 9 points9 points9 points [recovered] | Copy Link
[–]redpillresources 3 points4 points5 points [recovered] (2 children) | Copy Link
[–]unicorn-carousel2 points3 points4 points (1 child) | Copy Link
[–]redpillresources 2 points3 points4 points (0 children) | Copy Link
[–]Senior Endorsed Contributormax_peenor1 point2 points3 points (1 child) | Copy Link
[–]redpillresources 0 points1 point2 points (0 children) | Copy Link
[–]All__fun1 point2 points3 points (2 children) | Copy Link
[–]_eskimo_brothers_0 points1 point2 points (1 child) | Copy Link
[–]All__fun0 points1 point2 points (0 children) | Copy Link
[–]bergkampinthesheets1 point2 points3 points (0 children) | Copy Link
[–]Govedo130 points1 point2 points (0 children) | Copy Link