MVP

Question 1

What are the two most important assumptions to test with the MVP?

Answer 1

1) Product Value Hypothesis.

                     Can the product or service hold promise in its value to customers 

             2) Company greowth hypothesis 

                      Are there enough customers with money; how will our market develop and that of our competitors. Ultimately, the customers should be a sufficient source of cash flow.

Question 2

Why is the traditional product development “Waterfall Model” not suited for entrepreneurs?

Answer 2

product development done in corporate world, which would necessitate so much of your time, resources, not to mention lots of meetings and the unnecessary input of annoying people

Question 3

What is a pivot?

Answer 3

drastically changing the direction of a business as a result of a failed product or service in order to eventually meet market demand