MVP (Minimum Viable Product)

A Minimum Viable Product (MVP) is the simplest version of a new product that allows a team to test its core idea with real users. It includes just enough features to gather feedback on whether people find it useful or want something different. The goal is to learn quickly and cost-effectively, without building a fully polished product right away. This approach helps entrepreneurs understand customer needs, improve the product iteratively, and reduce risk before investing heavily in complete development.