The process of crafting a mobile app consists of many stages. The first one begins with you finding the unique business idea. After this, you will face the next crucial decision. That is why we decided to present you with the optimal options to go forward. Today, the most popular way to design a digital product is an MVP (Minimum Viable Product) approach. It is the way to use the minimum of your resources to verify your idea. Nevertheless, many myths surround the minimum viable product. This article will serve as your guide through the process. Also, it will help you to make an informed decision.

Many startups face difficulties regarding technology choice for their project. It is vital to choose wisely. In the later phases of the development, this choice will dictate the success of the business idea. The selection process is not an easy task. Especially when you consider the multitude of options regarding technological solutions present in today’s market.

Lean MVP Management is a current methodology used to address the entire product lifecycle. It is often utilized when building a startup company.

It goes without saying that building an MVP is a smart move for a startup looking for a way to validate its business idea and secure a product-market fit. But what happens if your MVP fails? Can an MVP fail at all? Unfortunately, it does more often than you expect. Many things can go wrong already during the MVP development stage, and teams keep on some mistakes over and over again.

By September 2019, all companies within the EU will have to comply with the PSD2 Regulatory Technical Standard (RTS). PSD2 was designed to facilitate the growth of product innovations in ​​payment and financial services provided by non-banking services. The directive will enable payments to be carried out not only by banks but also by other financial institutions and fintechs. These new regulations are set out to deepen the existing market of payment services while maintaining the interest of consumers.

One of the most common mistakes made by both first-time and experienced entrepreneurs is overbuilding their first product release. The reason behind it is often the fear of underbuilding and releasing a product that fails to capture the attention of users. Another reason why so many founders overbuild their products is that subconsciously, they might simply be afraid to release it and do everything they can to push its date.