MVP contains just a subset of the needed functionalities. As a result, significantly less time and money are required in this mobile application development. Subsequently, when you discover that your concept is a success, or that the MVP has started to generate revenue, you can move towards enhancing it with new features.
When you develop a product from scratch, it’s crucial to think about it in terms of proof of concept, then prototype, then MVP.
It’s never easy to remember all terminology, but understanding these three terms can help you approach product development from the right perspective.https://steelkiwi.com/blog/mvp-vs-poc-vs-prototype/
Companies (mostly) exist to solve problems for customers.
The longevity and survival of a company is ultimately measured in terms of its ability to generate revenue and profits.
Over the years, the various titles, roles and functions that manage revenue generation in a company has changed from Vice President of Sales to Chief Revenue Officer and other variations.
Depending on the stage and type of organization the VP of Sales might be in charge of New Sales, Existing Customer Sales and sometimes Marketing.
You can still see the title Vice President of Sales and Marketing in “old school” companies or in smaller companies where a few people wear many hats.
For many reasons, most SaaS and software companies separate the roles and have a VP of Sales (who is in charge of Sales) and a VP of Marketing (who is in charge of advertising and marketing) and a third leader in charge of Customer Success / Upsells.
The idea of building an MVP is tricky. It should be desirable and accepted by the mass. After you have the agile minimum viable product developed and validated, you just need to iterate on the feedback and develop rapidly.
How do you bridge the gap between MVP and MMP? and how do you finally launch MP?