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8 Mistakes Founders Make After Their MVP

We talk a lot here about how to launch an MVP. However, many founders don't consider what happens after the launch. This is understandable because getting an MVP launched is a lot of work. But if you don't think about what happens next, you might make some critical errors you can't undo.

Let's take a look.

Mistake 1. How do You Plan to Gather and Analyze Feedback?

Your MVP has been out there, and users have interacted with it. This is the golden time to gather feedback. Please pay close attention to what users are saying about their experience. What features do they love? What frustrates them? This feedback is invaluable for guiding your next steps.

Tip: Be prepared to collect and analyze this data using surveys, user interviews, and analytics tools. Look for patterns and prioritize issues that need immediate attention.

Mistake 2. Failing to Prioritize Feature Development

Now that you have a clear idea of what your users need, it’s time to prioritize feature development. Focus on the features that will have the most significant impact on user satisfaction and engagement.

Tip: Before your MVP is launched, create a product roadmap that outlines the features you plan to develop over the next few months. Make sure to include both short-term and long-term goals. Remember, however, that your roadmap is nothing but a set of assumptions, but you'll be ready. Use feedback to determine if you've pre-planned the right steps.

Mistake 3. No Plans to Improve User Experience (UX)

A smooth, intuitive user experience is crucial for retaining and attracting new users. However, MVPs usually have to stay lean in this department. Review your current UX and identify areas for improvement. Simplify processes, enhance navigation, and ensure your design is user-friendly.

Tip: Conduct usability testing with real users to identify pain points and gather actionable insights. But be open to what users do rather than what you think they should do. They might surprise you, revealing what an important UX is to them rather than your assumptions.

Mistake 4. Failing to Plan to Scale Infrastructure

As you add more features and your user base grows, your infrastructure needs to keep up. Ensure your servers, databases, and other backend systems handle increased traffic and usage.

Tip: Have you considered what you would do if you were successful? You don't want to overspend now, but there is a way to invest in scalable solutions (like the cloud) at the MVP stage and regularly monitor your system’s performance to prevent bottlenecks and downtime.

Mistake 5. No Plan for Marketing and Growth

Your MVP has given you a solid start, but it’s time to scale up. Develop a comprehensive marketing plan to attract new users and retain existing ones. Utilize various channels like social media, content marketing, and paid advertising to reach a broader audience.

Tip: You should have started marketing your idea from day one, even before the MVP launched. But it's never too late. Watch your users and leverage your early adopters by encouraging them to share their positive experiences and refer new users.

Mistake 6. No Preparation for Continuous Iteration and Improvement

Product development is an ongoing process. Continuously gather feedback, analyze user behavior, and make iterative improvements. Stay agile and be ready to pivot if necessary.

Tip: Set up a regular schedule for releasing updates and new features. Keep your users informed about what’s coming next and show them you’re improving the product.

Mistake 7. Failing to Build the Right Team

As your product evolves, you’ll need a solid team to support its growth. Hire talented individuals who share your vision and can bring diverse skills. A cohesive team is essential for successful product development.

Tip: You should have focused on building a relationship with possible team members from day one, especially if you're non-technical and can use your MVP to show a possible CTO idea validation. Start networking now. Then after the MVP, create a positive company culture fostering collaboration, innovation, and continuous learning.

Mistake 8. What's Your Plan for Financial Sustainability?

Ensure that your financial model is sustainable as you grow. This might involve securing additional funding, optimizing revenue streams, or cutting unnecessary expenses.

Tip: Build a financial model right after launch. Then regularly review your financial projections and adjust your strategy to stay on track.

Moving beyond the MVP stage is an exciting journey filled with opportunities for growth and innovation. By gathering feedback, prioritizing features, improving UX, scaling your infrastructure, planning for marketing, continuously iterating, building a solid team, and ensuring financial sustainability, you’ll be well on your way to developing a robust and successful product.

Remember, Startups.com is here to support and encourage you every step of the way. Reach out with any questions, and let’s go get those MVPs launched!


Startups.com Acceleratorposted 3 months ago

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