MVP in your daily life
Since I just talked about what is MVP and what Dropbox did on his MVP in my last blog, a lot of people might say, as normal people we don’t have a product like Dropbox, and mostly don’t work for an internet company, then how do we use the MVP concept? This blog I would like to talk about how to use MVP in our daily life.
MVP doesn’t have to be run in the internet industry
Now let’s say you want to open my own restaurant, but you have never ran any restaurant before, or you are not even in the food industry. Opening a restaurant needs at least $100,000, which is a big number that most people could not afford to lose. However the good thing is, you have your own business model. Then what would you do?
The easiest way to solve this problem is to find a friend who is also about to open up a new restaurant but doesn’t have much time to take care of it. Spend about $10,000 to be your friend’s business partner of that restaurant and help with managing. spend less money, use your own business model and test the market to see if it works.