Digile Innovation Magazine MVP: A Smart Way to Validate your Business Idea | Page 8

How to design your MVP? There are four essential components: • Persona – describes what your customers will be like (not what you target). This information will give you an insight of how they behave and what motivates them to buy your product. • Pain Points – describes what problem your personas are currently having. “job to be done” concept. • Alternative – describes how your customers handle their “pain points”. • Value Proposition – describes the “value” that you are offering. It should be much better than the “alternative”.