Scaling App From MVP To IPO: How To Scale Your Business Successfully?

How To Upscale A Startup From MVP To IPO?

Trying scaling the app from MVP to IPO, but not sure what’s the right way to perform it. Don’t worry, here we have covered everything from the process of scaling MVP to IPO and what possible challenges you may encounter during the process. 

In today’s competitive digital landscape, launching a Minimum Viable Product (MVP) is just the beginning of your business journey, and scaling up for the public share is not an easy task. 

For the seamless starting of their journey, startups need to find a winning app idea and validate your app idea by testing its core functionality with real users, collecting feedback, and gauging market demand. 

MVP gives you a smart, quick, and fast start to your project, but it’s not the finish line. Depending upon the feedback, gradually they need to innovate and improve the product idea by adding the latest features to stay relevant with the market competition. 

Scaling up your business beyond the MVP phase is critical for sustainable growth and success. It transforms your app from a basic prototype app into a market-ready solution that enables you to attract a wider audience, generate revenue, and build brand credibility. 

However, your journey from MVP to scaling and eventually to an Initial Public Offering (IPO) – requires strategic planning and a well-defined approach that balances innovation and perfect fit to market needs. 

Studies show that startups scaling the MVP successfully see a 250% growth in user retention! So it’s time to go beyond limits by hiring a mobile app development company to build a scalable app ecosystem that sets the stage for IPO success. Let’s connect now for more details. 

Here, in this blog, we’ll explore why scaling beyond the MVP is essential, what steps you need to successfully grow your business and a detailed roadmap to scale your app. 

Start Your Entrepreneurial Journey By Scaling App From MVP to IPO

Are you all set to scale your app from MVP to IPO? All startups go through a similar lifecycle to attain their business goals. But if you are not sure about the startup app development stages to scale your business, then you have come to the right place. 

Here we have listed below some of the main startup development phases you must go through to ensure the success of the product you are planning to build:

Stage 1: Identify the Perfect Idea

Identifying the app idea that has the potential to scale to IPO, would be a long process. Therefore, it could be best to brainstorm an app idea that could be sustained over a long period and may not easily get out of trend. Further, that idea should be polished with constant development and improvement.

The simple trick you can adopt here is to strike a balance between what you are interested in working on and a problem you can solve regarding the same subject matter.

So while brainstorming the idea, you need to pay attention to these points:

• Find a domain expertise that you are interested in working in,
• Identify the market needs, that you can address with your expertise,
• By addressing those issues, find the unique changes you can bring to your customer experiences.  

Stage 2: Conduct the Market Research to Validate Your App Idea

Now that you have sorted your mobile app idea and decided upon what you have to start working on, it is time to understand your audience. 

Many times, businesses overlook the importance of this step and get straight into coding the app without understanding your customer base and how your app idea can help them. 

However, if you take out some time to understand what your target audience is looking into the product, will help you develop a product that the target audience will always find relatable. 

No matter whether you are targeting a private market or a public one, your extra efforts in market research can help you identify your competitors and how they are marketing the same product. 

For this, you can hire a mobile app developer with strong market knowledge and knowledge of your competitors. They can give you a unique way to present and design your product to attract more users, potential customers, and the right investors.

Did you know only 10% of apps can successfully scale to reach IPO?

From robust architecture to strategic scaling, the successful scale of MVP to IPO would require tech-team expertise and knowledge. Let Xicom handle the complexities and provide end-to-end support.

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Stage 3: Find and Hire Software Development Team

No matter how simple or complex your app requirements are, you need a skilled developer to transform the idea into a scalable product. 

To start developing a product, you need to hire software developers, experienced and skilled in developing the initial version of your product. To start developing a product, you need to hire software developers, experienced and skilled in developing the initial version of your product. In the US, 60% of global IT leaders prefer outsourcing their software development requirements.

The MVP structure will look as similar as you assumed with the reliable development team. All you need to worry about finding and hiring the right app development firm. 

Stage 4: Developing a Prototyping 

Prototyping can give your idea the right shape from which your users can interact and understand how your app will look, feel, and work. A prototype takes a basic shape of the product that can help the users get a feel of your product and understand how appropriately it has been designed. 

Another purpose of prototyping is it helps you set your development goals for the product. By collecting the feedback on your prototype, you can decide which features you can add to your app and how much time your development team is going to spend on the development process. 

Stage 5: Start Coding Your MVP

So now, that you have set everything from idea to app development team and are clear about your directions to proceed, it’s finally time to let your app development team create an MVP.

The process of MVP app development majorly depends upon the number of features you are trying to integrate into the app. To make the best of your MVP solution, you can use Flutter for MVP development and share the development progress with your target market base to get feedback. 

That’s the most simple way to optimize and update the development roadmap!

Stage 6: Find the Potential Investors to Fund Your Plan

Once you are underdeveloping the MVP project, you can start approaching the investors. And while you attract investors, they will always look for the potential pain points that your product can solve. 

In case you have a great Unique Value Product (UVP)” pitch, get ready to show your product by highlighting that value as that’s the positive way to seed funding for further development. 

This is where having connections in the community can also help you in a great way. When you are good at explaining why investing in your product is a worthy decision and how it can assure you the returns then you will have eager investors backing you up with additional funding in no time. 

Stage 7: Test, Launch, and Market Your Product

So that your product is ready to launch, it’s time to test all its functionalities and check if they are functioning in the way that you want to. Conduct deep app testing to identify the bud and eliminate the risk of having errors in the app.

Then comes the app publishing and continuous marketing of your product. This will attract more investors as well as an increased audience. Moreover, it can also help you prove that your product is a good market fit.

When your product is constantly growing and expanding in the market, you can easily take the IPO route and secure public investors in no time. 

Did you know, 92% of startups fail due to poor scaling strategies? That’s where hiring a software developer with the right skills at Xicom scales up your app to new heights with a seamless transition from MVP to IPO. For expert guidance and project-oriented solutions, you can directly email us at [email protected]. 

What Things to Consider While Scaling an App From MVP to IPO?

The way the mobile app market is expanding, believe me, any app idea can become a viral trend. All you need to have a strategic scaling process to achieve success. 

So when it comes to scaling an app from MVP to IPO, you may have a series of questions, and determining the answer to those questions will help you strategically scale the product.

Here are the few potential questions that you need to ask when planning to scale from MVP to IPO:

1. Is the Financial Growth of Your MVP Predictable?

Clear and consistent financial planning is the backbone of any scaling strategy. For this, evaluate your mobile app’s revenue streams, customer acquisition costs, and profit margins to determine whether your financial growth is sustainable.

Predictable financial growth can build confidence in investors and set the foundation for long-term success. For this, the expert tip is to regularly review your financial projections and adjust them based on market trends and user feedback to ensure perfect alignment with your scaling objectives. 

2. Is Your MVP Process and Reports Ready to Audit?

Transparency is the key when transitioning from a private company to a public one. Ensure your financial reports, user metrics, and operational processes are auditable and must align with the industry standards.

Maintaining consistent transparency throughout the project development can help in building trust among investors and stakeholders. 

For this, you can outsource a software development company that can provide access to the development team including the project manager who provides constant project progress reports and keeps investors aware of the development process. 

3. Do You Have a Right Tech Team in Place?

App scaling is not just about choosing the best technology, it’s more about the development team that is driving the project. 

Look for a company capable of employing an app development team that consists of technical experts, marketing experts, and project managers who can handle the complexities of scaling and prepare your company for IPO readiness.

Xicom like a mobile app development company has 20+ years of experience in scaling startups and navigating public offerings to gain a competitive edge.  Moreover, we have a team of experts who help scale MVP by understanding your business challenges and making scalable apps. 

4. Do You Have Any Backup Plan in Place?

Scaling and going public involve risks, from market volatility to delays in the IPO process. Having a backup plan ensures you’re prepared for setbacks and can be easily recovered without affecting your growth strategy. Moreover, having a backup plan for the scaling MVP can make IPO investors more confident about their investments. 

Maintain a reserve fund or alternative funding strategy to sustain operations in case of unforeseen challenges. This would be really important if you really want to down all the risk from the business scaling. 

Looking to turn your MVP into a Market Leader?

With the mobile app industry projected to reach $935 billion by 2027, now is the time to scale your app for maximum impact. Trust Xicom to help you navigate this critical growth phase of our business.

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What are the Core Benefits of Scaling Business From MVP to IPO?

Scaling a business from a Minimum Viable Product (MVP) to an Initial Public Offering (IPO) isn’t just a growth milestone for the businesses, instead, it’s a transformative journey that offers significant advantages.

So you are still wondering whether you are  required to hire an app developer, then you need to understand the core benefits of taking your business through this growth trajectory:

Raising Significant Funds

An IPO allows you to raise significant funds to fuel your business expansion. Whether it’s investing in advanced technologies, entering new markets, or scaling operations- the capital generated from going public provides the financial leverage you need to take your company to the next level. 

Increased Brand Credibility

Transitioning from an MVP to an IPO can help elevate the company’s brand value and market reputation. It gives an impression of stability, transparency, and trustworthiness to the investors. 

Improved Market Visibility

An IPO increases your company’s exposure and makes it recognizable in this industry. Moreover, this step of yours helps attract new customers, partners, and investors that further boost growth opportunities. 

Real-Life Examples of Brands Scaling From MVP to IPO

These benefits are real to experience and this has been proved by a few giants. Let’s get into the details of real-life examples of companies that went public from MVP.

1. Airbnb

Everyone is familiar with the success of AirBnb. But the question is what is a journey all about?

Is it as smooth as it looks like?

No! While Airbnb faced several challenges due to the pandemic’s effect on travel, the company’s IPO still hit the market in December 2020 and the stock price almost doubled on the opening day. Despite being so many restrictions on travel, it still reached a market value of $100 billion.

2. DoorDash

When it comes to the top food delivery apps, DoorDash is a dominating name in the industry acquiring 55% of the market share in the US. DoorDash completed its IPO in 2020 and its stock price surged to 85% on the very first day of trading. 

Surprising how and why?

The reason is, that DoorDash has developed proprietary technology for restaurants to use and make fast delivery a priority in the food industry. These efforts and unique approaches have helped DoorDash win over big chain restaurants. 

Conclusion

Hopefully, with this blog guide, you have an understanding that scaling from MVP to IPO can help you grow your business. But to attain that success, your MVP solution must be rightly developed by hiring a mobile app development company, an expert in customizing solutions by adhering to the unique needs of businesses and markets. Moreover, scaling a business comes with its own set of challenges and requires the right approach to attract investors, therefore, seeking assistance from tech professionals would be a worthy decision.

If you are all set to upscale your startup and looking for the right approach and tech team, then you can directly contact us for more details and estimations. 

FAQs

Here we have gathered some of the additional information related to upscaling your startup with the right approach and strategy.