What is an MVP?
A Minimum Viable Product (MVP) is the most basic version of a product that still delivers enough value to attract early adopters. The goal is to test core assumptions with minimal investment before building a full-featured product.
Why MVPs Matter for Startups
- Reduce risk: Test your hypothesis before investing heavily
- Learn faster: Get real user feedback early
- Save resources: Focus only on essential features
- Iterate quickly: Make changes based on actual data
How to Build an MVP
- Identify your core value proposition
- Define the minimum feature set
- Build quickly and cheaply
- Launch to early adopters
- Collect feedback and iterate
Common MVP Mistakes
- Building too many features
- Not launching soon enough
- Ignoring user feedback
- Perfecting before validating