Sheran Malik

Fractional CTO

Technical Advisor

Blog Post

How to Avoid Wasting £100k on Your Startup MVP

April 28, 2020 Startups, mistakes

Most startups rush into building software before validating demand, wasting time, money, and resources. Before hiring developers or investing in tech, you need a simple, actionable plan to understand where you are, where you want to go, and whether your idea is truly worth building.

Step 1: Start with a 1-Page Plan
You don’t need a 60-page document. Focus on clarity: current state, 1-year targets, and your vision. This gives you direction and helps prioritize decisions.

Step 2: Validate the Problem Before Building
Real market research goes beyond meetings with friendly venues. You need to understand the pain point: is it a “painkiller” people are willing to pay for, or just a “vitamin” that’s nice-to-have? Only when people are willing to pay at scale do you have a business worth building.

Step 3: Test Your Idea Strategically
Before building my own venture, Coding Chamber, I validated demand. I ran a webinar for university students, sent surveys, and confirmed interest in a Java course. I built the course with feedback from early users and only then started selling. This approach ensured I invested in a product the market actually wanted.

By validating first and investing later, you avoid wasting tens (or hundreds) of thousands on unproven ideas.

Next Step: If you want guidance on validating your idea and creating a roadmap that reduces wasted development, book a 30-minute strategy session with me. I help startups and SMEs make smart technical decisions before they commit to costly builds.

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