What Is MVP and How to Build an MVP App

We mentioned earlier that about 90% of ideas never make it. Time to go deeper into the main reasons for their failure - it’s always best to learn from someone else’s mistakes.

When the timing isn’t right, there’s hardly anything to do. The market might not yet be ready for the product offered, no matter how good it is. That’s why it’s so important to conduct a market analysis before launching: evaluate the demand and market growth, research competitors, analyze consumer behavior. Understanding what the market needs at the moment will help avoid big misfortune.

The opposite to the previous reason is getting beaten by competitors. The demand for a specific type of product can be so high that the niche is long occupied by larger brand names alike. Meeting the competition requires much effort and money, which is definitely more than MVP development needs. Offering your customers something that others don’t can be the way out. Still, no guarantees indeed.

In the case of low-quality products, the market being not ready to open its doors for a fresh startup is a good excuse for failure (mind reason 1). However, sometimes it’s just the quality of an app that ruins everything. Investing in development is not enough: as a business, you need to be engaged in the development process and regularly ask the team for demos.

The saddest thing is, people may truly like the idea, but no user will stick to a bugged app that constantly pulls errors.

For us, Test-Driven Development, Agile methodology, and timely reports ensuring product quality are holy grails. Customers we’ve been working with for 10+ years can attest to it.

Sometimes it just doesn’t work out when you and the team are not on the same wavelength. You just don’t stick together. Listening isn't enough - you have to hear each other. Be very attentive when choosing a team and make sure communication goes well before assigning it to the project.

Besides, there is something just as harmful as poor communication when working on a product. Poor management is way more serious as it greatly affects the productivity of team members. And it will affect you too - problematic management almost excludes meeting deadlines, timely bug fixes, and other aspects that in the end can cause serious problems with the product, which results in the following reason on the list.

Many projects shut down for this exact reason. A competent entrepreneur’s task is to manage their budget wisely, successfully achieving milestones in development one by one with proper funding. And competent specialists from a software development company help with it. We at Anadea use an iterative approach to development, charging a small initial investment when shaking hands, which practically excludes customers’ financial issues. We decide on the composition of the first and consecutive releases and propose ways to enter the market.