Minimum Viable Product

A Minimum Viable Product (MVP) is the most basic version of a new product that still meets the essential needs of its users. It includes only the core features necessary to solve a problem or provide value, allowing businesses to launch quickly and gather feedback. This approach helps entrepreneurs test their ideas without significant investment, learn from real users, and make improvements based on their responses. Ultimately, an MVP is a strategic way to validate a concept and reduce the risks associated with product development.