Minimum Viable Product (MVP) Offering

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Minimum Viable Product (MVP) Offering

Inspired by a conversation on:

Action Academy | Millionaire Mentorship For Your Life & Business

Action Academy | Millionaire Mentorship For Your Life & Business

Bought the Business? Here’s How to Run It (and Avoid Failure) w/ Gideon Spencer

Host: Brian Luebben

Timestamp: 00:21:23 - 00:21:53

Listen to Episode • View Podcast • All Ideas from Action Academy | Millionaire Mentorship For Your Life & Business

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Feather Flow

Direct Quote

"You need to sell a discounted version of that general idea out to the market as quickly as possible."

Market Gap

New entrepreneurs struggle to validate business ideas before full investment.

Entrepreneurs often spend extensive time and resources developing a full-fledged product before validating the market demand, leading to wasted effort and capital. The challenge lies in the fear of launching an incomplete product, which can result in missed opportunities for early customer feedback and iterative development. Many startups fail to achieve product-market fit initially because they do not engage with potential customers until after the product is fully developed. This can lead to costly pivots or even business failure. By implementing a Minimum Viable Product (MVP) approach, entrepreneurs can test their ideas, gather crucial feedback, and make necessary adjustments before committing significant resources.

Summary

The Minimum Viable Product (MVP) concept emphasizes launching a basic version of a product to quickly gauge market interest. Entrepreneurs can create an MVP by identifying key features that solve a specific problem and offering it at a lower price to early adopters. This approach allows for rapid feedback, enabling businesses to refine their product based on real user experiences. Entrepreneurs interested in this strategy should focus on agile development processes and customer engagement to iterate their product. The target audience includes early-stage startups and individual entrepreneurs who need to validate their ideas before significant investment.

Categorization

Business Model
Product
Target Founder
Technical
Difficulty
Medium
Time to Revenue
< 1 month
Initial Investment
< $1000

Scores

Clarity
9/10
Novelty
8/10
Feasibility
9/10
Market Potential
9/10
Evidence
9/10
Overall
8.6/10
Found on September 11, 2025 • Analyzed on September 11, 2025 9:24 AM

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How should I validate this product idea before building it?

2:34 PM

Great question! For a product idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and < 1 month, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available < $1000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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