From that eureka moment, every entrepreneur faces many hurdles to achieve SUCCESS. One of the biggest hurdles you as an entrepreneur face in your journey is communicating your idea to onboard different stakeholders like peers, investors and customers. Time and again, it has been proven that the most effective way to communicate your idea across the board is to demonstrate a working prototype aka Minimum Viable Product (MVP) aka Proof of Concept (PoC) . A recent report from Small Business Association shows that about 65% of startups fail due to lack of proper access to technical expertise to create a PoC.
Working as a technology partner with various startups globally, we identify following common pitfalls that startups fall into in their path to creating a successful PoC.
1. Failing to visualize and refine your PoC with respect to your end product.
2. Failing to identify suitable technology partner and/or stack for your PoC.
3. Failing to iterate and incorporate the feedback into our product.
To overcome these failures and deliver your “PoC in 90 days”, SoftVan team created a unique approach using “LEAN AGILE” principles and concepts of “BLUE OCEAN” strategy. A lot of jargon in one sentence? Please allow me to explain…
Entrepreneur believe in their idea and we also, that’s why we initiate SimultaSoftVanneous pursuit of differentiation and low cost to open up a new market space and create new demand for your idea. We capture uncontested market space so that it creates a viability for your idea by reconstructing the industrial place according to your actions and beliefs. We will transform your product into commodities that will lead to the any contrast to the industry.
Lean Software Development talks about Eliminate Waste, Build Quality In, Create Knowledge, Defer Commitment, Deliver Fast, Respect People and Optimize the Whole. That’s the key to product development and if we use in during PoC, it will help founder to be focused, understand the market expectation, traction and showcase the USP of Product/Concept.
We design this structure to enable us to work with the aspiring entrepreneur to transform their idea into reality. Let’s see how we’re going to…
Connecting the dots:
The functional specialist from SoftVan will understand the idea, the vision of the entrepreneur, conduct market studies and link the technology to the idea.
Taking into consideration:
Technical approach discussion: When we draft our technical blueprint, we look after the immediate function requirement, completion, innovation in technology, technical budget and product traction for the next 5 years with keeping in mind upcoming phases. By this we land on multiple technical approach which give us better clarity to the product owner to decide the best path
Mentoring and coaching entrepreneurs: Organize ongoing tailor-made technical development support for entrepreneurs.
To eliminate or remove the above-mentioned hurdles permanently, SoftVan proposes the involvement of a well-designed Prototype model to pitch as a piece of work in front of investors. This will give them an ideal-visual of your concept that you wanted them to understand.
Prototype Building will raise the following benefits:
SoftVan firmly believes that it is not easy for the best individuals to give up and continue to build their startups and dreams.
Credits and special thanks Jay Vora, Jai Parimi, Purvesh Simejiya, Gaurang Hrishi, Parshwa Patel, Dipti Saboo, Rohan Mishra, and all other founders who connected to me, inspired me (Mr. Raghu Raman) and guided me.
Listen, Learn and lead