As you prepare yourself to develop an MVP for your startup, it’s important to carefully assess your options for the process — namely, in-house development, with permanent employees, or outsourced development, with the assistance of MVP development specialists. Each offers its own long list of pros and cons, well worth your consideration, but today we’ll be focusing on the pitfalls of the in-house route.
1) Unfinished teams
This is perhaps the single biggest impediment to successful development of a worthy MVP in-house. Many entrepreneurs jump in with both feet, wholly confident in their ability to assemble something worthwhile with only one or two people on the task. Sometimes this works. Far, far more often, it fails disastrously. Developing an MVP without a full development team simply isn’t a winning strategy. It’s far better to take the time to hire the people you need, or outsource the development until you can afford such a team, than to tackle development without the necessary personnel.
2) Misunderstanding what makes for an MVP
Another major problem common to in-house MVP development. Even if you have a full team of people with a great vision for the ultimate form of the product, paring that perfect product down into an MVP isn’t something you can do with guesses alone. Imagine that your ideal project is a car. Many teams pare the concept down to a wheel or an engine, when they should have aimed for a bicycle or cart. Take the time to assess what core idea you can actually sell to customers, or hire someone with more experience in the MVP development process to assist you.
3) Excessive startup expenses
The entire point of developing an MVP lays in the opportunity to rapidly generate profits with a minimum of capital. That quickly becomes an issue if you’re forced to hire a full team, get all the equipment and toolsets necessary for planning and iteration, and possibly return to the drawing board after a failure. Outsourcing isn’t actually the expensive option for an under equipped entrepreneur, it’s the low-capital solution. Make sure you’re looking at your situation the right way, and making the most appropriate moves for your short and long-term needs.
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