Proof of concept, prototype, MVP - how best to validate your product idea?
Whether you're a product owner at an enterprise or a CEO steering a startup through its product-market fit phase, you're likely wrestling with budget constraints. Every decision must be considered, particularly in tough times when optimizing every penny and ensuring data-backed justification becomes a standard. This principle is fundamental to the Lean Startup methodology, where validating your idea is essential for the success of any digital product. In this article, we delve into various strategies aimed at optimizing your expenditure on product development through rigorous idea validation. Continue reading to find out which approach best aligns with your needs: proof of concept, prototype, or MVP?