In this episode, I discuss the concept of Minimal Viable Product. We explain what it s and why you should implement it when launching a new business. Please listen and share
Teresa Blaes 0:26 I'm Teresa Blaes. And this is the Teresa Blaes. Show. Today, we are talking about your MVP, minimally viable product. A lot of people that I've seen, will literally, hey, I have to have everything planned out, I got to figure things out, I got to know what I would do. And in this believe, me, I'm working on this because I've got all one of the things in the works that I'm working on. But I would release a bare-bones minimally viable product, I would then see how that is received. If it is received, I would upgrade the product. This can be done both in ministry and in business, because you never know how someone is going to receive the message now, in the ministry side of it, you're not so much doing it, you're not trying to impress people, okay, if God has given you a message, you need to first and foremost deliver what he has given you. And not everything that you deliver is going to be well received.
Teresa Blaes 1:43 Nor should it be.
Teresa Blaes 1:45 That said,
Teresa Blaes 1:48 if you find that people are receiving it and they want more, then you have effectively released a minimally viable product. And you can double down on that and give them more. It's the same thing in business, you want to figure out, Okay, what is the one thing that I can give them that they can pay a minimal price for a small price for test and see if it's well-received into the market. And if it's well-received, I can then double down on that and give them more. That's the concept of a minimally viable product. I really hope you take advantage of this. I might actually go into another episode, what that would look like some examples of how you might do that. Until then. I'm Teresa Blaes. This has been the Teresa Blaes show. Let's go do this thing.