Hi there, I am new here too
First of all congrats on taking first steps on building your idea into a business! I remember how anxious I was the first time around, but it's super exciting, takes courage and perseverance.
I haven't read all the replies on here, but here are my 2 cents (I could chat to you about this for a long time, just respecting the reading time):
- Do I have the means to build an MVP and get some users on board or will I require early seed stage funding?
Based on how you answer this question, you have to plan very differently for the two scenarios.
If you have the means to build an MVP (or a basic working prototype) then this is what you focus on, bootstrap, learn basic Figma if you have to (this means you will spend less time requirement building with the dev team - which will save you money). Quick tip: have a very clear idea of what functionality your MVP has to have and don't stray from this plan! It's so easy to get carried away with adding things as you go along - keeping to the MVP initial basic scope will help you maintain the projected cost and duration of the build.
At the same time look at your potential competition (contrary to popular belief, it's actually good to have some competition) create a SWOT analysis and a Business Plan.
Once your MVP is ready, get friends and family to start testing, open a spreadsheet in which you keep record of all the bugs/suggestions/enhancements.
If you don't have the money to build an MVP it means you will have to be uber clear in a form of basic presentation of your app idea, wireframes, the exact cost you estimate it will take to build the first version, your forecasted income and expenditure (Capex/Opex) and user base growth MoM predictions (year 1 in detail, plus high level years 2-5). Research VC companies or Angel investor networks who invest in pre-seed stage ideas, usually the investment is smaller but it's also very risky, so you have to be ready for any potential question. It is also important to know what pre-seed stage investors opt for businesses that are wholly owned by the founders.
I can go on forever about this, but i hope this helps a bit.
Wishing you the best of luck!
Alex