Unveiling the Role of a Startup’s Business Analyst
Have you ever thought about the difficulties that people who are just starting their journey in business have to face? Starting something from scratch is always a complex process that requires creating a clear and detailed plan that will allow you to reach heights. When you are in the initial stages of building a startup, it is essential to comprehend the needs of your company and determine your potential audience and other aspects. So that you can understand where to start implementing all your ideas, you will need a business analyst (BA) who, in particular, is included in the list of specialists you get on your team when you resort to software design services. If your team does not have such an expert, the project you have in mind may not survive. Therefore, below, we will discuss in more detail the role and responsibilities of such a professional in software startup.
The Definition
The first thing we will start with is a definition that states thatbusiness analysisis a process in which you need to identify the requirements and needs of your company and subsequently create solutions to satisfy them. This is why, in software development for startups, you will need a separate person responsible for this.
What Such Specialists Do
At the initial stages of startup product development, a BA is needed to find the vector of solution growth and the general business model of the company. At the same time, such a specialist has several responsibilities, which we will discuss in more detail below.
Market research
A thorough market analysis, in particular the target audience and your competitors, is one of the main duties of a BA. In this case, this specialist must determine what problems customers have, what solutions your competitors provide, and how your startup software can surpass them.
Budget distribution
Budget limitation is a standard situation for startup development, so every cent is very important and you need to distribute funding so that it is enough for both the software part of the solution and for its advertising. BAs have sufficient experience to correctly assess how much time and specialists are needed to implement the solutions you have in mind, allocate resources, and help you avoid financial mistakes.
Clarification of the idea
Your team always needs to understand the way of the evolution of your company; this means that the BA will explain the main goals of your project, the key performance indicators of your project, the strategy for attracting customers, and the values you bring to your audience. This specialist also considers that the project implementation methods will be convenient for both interested parties and developers.
Forecasting upcoming changes
Having a BA on your team will give you a clear understanding of how the market may change in the future and what may happen to your solution. This way, you will always be ready for sudden changes and will be able to turn them to your advantage.
Formation of activities
A BA takes an active part in the startup software development process so that this specialist can plan both, for example, the creation of an MVP or a full-fledged project. It can also help other team members determine their responsibilities within the project.
Last Words
Every aspiring software development startup owner should understand the importance of having a BA among their company's employees. We hope that in this material, we were able to explain to you the reasons why such a specialist is essential for the project. If you need help creating software for startups and, in particular, BA, feel free to contact us. We will provide you with an expert with years of experience in your niche, and together, we will create an outstanding digital solution.