What is an MVP ( Minimum Viable Product )
A Minimum Viable Product (MVP) in a startup is a reduced version of a product or service with just enough features to meet initial customers and gather feedback for further development. The MVP enables startups to test assumptions, confirm market demand, and make rapid iterations without spending too much time or money, eventually lowering the risk of releasing a product that will not be needed by customers.
MVP Guidelines for startups!
â—‰ Fast
Prioritize speed in performance and delivery.
â—‰ Not Fancy
Focus on functionality over aesthetics.
Focus on delivering a clean, simple, and functional experience.
â—‰ Iterate
Build quickly, gather feedback, and continuously improve.
â—‰ Opinion of User
Make user feedback the cornerstone of your development process.
Engage with users regularly to understand their needs, pain points, and preferences.
Ensure the product evolves to align closely with what users truly want.
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