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The $100 MBA Show

MBA64 What is a Minimal Viable Product Anyway? + Free Ride Friday!

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 31 October 2014

⏱️ 12 minutes

🧾️ Download transcript

Summary

The best way to know you've created something your customers want is to begin with an MVO - a Minimal Viable Product. In today's episode, you will learn the first steps on how to create one and why it might just save your business. Let's get down to business! Oh, and stick around till the end to see who won this week's free ride to The $100 MBA Training and Community online.

Transcript

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0:00.0

Hey ho ho ho ho ho ho today is free ride Friday so make sure you hang on to the end of the episode to see who won the free ride to the hundred dollar

0:08.2

rambi training and community you two can win a free ride just give us an iTunes

0:12.4

rating and review.

0:13.6

You can learn how to do that at 100MBA.net slash show.

0:17.1

Let's get into today's episode. Heyo!

0:25.0

Welcome to the $100 MBA Show!

0:30.0

We're together we roll up our sleeves and build your business with our daily 10-minute

0:34.5

business lessons for the real world.

0:37.0

I'm your host, your coach, your teacher, Omar Zenholm.

0:39.9

I'm also the co-founder of the $100 MBA, a complete business training and community online.

0:46.0

And today you will learn what is a minimal viable product anyway.

0:50.3

You hear this word being tossed around left and right.

0:53.0

Let's break it down and I'll show you how to build one.

0:55.5

Let's get down to business.

0:57.0

Minimal viable product. Let's first give credit where credits to do. This term

1:06.8

became very popular after the success of the book Lean Startup by Eric Reese.

1:11.3

Now we're going to do a separate must-read episode on this book because

1:14.6

we do recommend this book, but if you'd like you can go ahead and pick up the book, it's a really

1:18.0

good book we recommend. Lean Start Up by Eric Reese and the book is based on this idea creating a minimal viable product.

1:24.9

Now Eric does a great job explaining this but I want to kind of just distill it to its simplest

1:30.0

form.

1:31.0

Now when we think of a business and we think of the most simplest

...

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