Over the past 10 years, I’ve had the chance to work on creating MVPs (Minimum Viable Products) for startups, medium-sized companies, and enterprise-level businesses from across Europe, the Middle East, and North America.
Even though the startups were of varying sizes, had wildly disparate budgets, and operated in different business cultures, a lot of them had one thing in common: the same types of mistakes being made by their founder while developing an MVP.
While some of them pulled through and went on to become successful companies, others succumbed to a lack of vision, premature scaling, and poor product strategy.
As a founder or executive, you are the single most important factor in the success or failure of your company. To help you avert those easy-to-spot and avoidable mistakes that have sunk countless other businesses, I’ve prepared a list of five of the most common MVP anti-patterns to look out for, together with ways to solve them.