An MVP (Minimum Viable Product) is the simplest version of a product that is launched with just enough features to satisfy early adopters and gather feedback for future development. It's a lean, focused version of the final product that allows businesses to test their core ideas, validate assumptions, and understand customer needs before scaling.
MVPs help:
Reduce time to market.
Minimize development costs.
Collect valuable user feedback early.
Focus on essential features.
Validate product-market fit.
By prioritizing speed and learning, MVPs enable startups to iterate quickly and build solutions that truly meet user needs.
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