Creating MVP
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The document discusses creating a minimum viable product (MVP) for startups. An MVP is the first deliverable version containing only core features to test and validate the business model with minimal effort. It should redefine an industry, engage users, and balance needs and wants. The document then examines the MVP of Horsepower.ph, an online healthcare platform for entrepreneurs in the Philippines. Its MVP tipped the scale on corporate and individual healthcare plans, encouraged professionals, provided international medical assistance, allowed additional income through affiliate programs, and offered flexible healthcare coverage.
Creating MVP
- 1. Creating MVP Hacking Startup Validation @diegothewizard Diego Jose Ramos Co-Founder Horsepower.ph
- 4. GOALS • Validate new business model • Use runway funds smartly • Make an impression to Investors and Stakeholders • Validate a theory • Creating new business model
- 5. By Definition Startups are not prototypes of large companies A Minimum Viable Product is the first deliverable version containing only the core feature(s), subject for testing and allow workable feedback or validation that generates other differential features to maximize the chance of operational and market success by learning with the least effort.
- 6. Local Startups MVP Story
- 11. MVP and Startup • Validate new business model • Use runway funds smartly • Make an impression to Investors and Stakeholders • Validate a theory • Creating new business model A validated MVP and taking the StartUp to launch with JUST a little funding.
- 12. Qualities of MVP • Redefines the Industry (for most) • Adds meaning to existence (for some) • Advocates on people • Engages and builds habits • Balances what is needed and wanted • Equation to TIME
- 13. Let’s check Horsepower.ph’s MVP Tips the scale what is Corporate and Individual Healthcare Plans and Insurance Until now, most countries are still an out-of-pocket Healthcare business Encourages online Entrepreneurs to be professionals Access to International SOS More than a community, affiliate programs allows additional income for Entrepreneurs Flexi-bend with constant services to manage anti- selection Bills payment/BIR code Generation with one Click! No underwriting needed Flexible healthcare from managed to comprehensive for every type and respect to every Entrepreneur.
- 14. Protect your MVP/ StartUp Unfair Advantage Complex barrier to entry Point of Valuation StartUps need Psychics