Define the Minimum Viable Business Product (MVBP) - Deepstash

Define the Minimum Viable Business Product (MVBP)

The minimum viable business product (MVBP), will actually be one more step in validating assumptions. It will integrate your assumptions into a single system test to verify the minimal product for which a customer will still pay.

MVBP requirements include:

  • The customer gets value from using the product.
  • The customer pays for the product.
  • The product is good enough to start a feedback loop, helping you change and improve the product so you can make a better product.

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jessicadelgado

Medical sales representative

There’s nothing magic about being a successful entrepreneur. It’s a learned skill, and in Disciplined Entrepreneurship, the author details 24 steps to a successful startup.

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Minimum Viable Product

Minimum Viable Product

The Minimum Viable Product is the simplest, most basic form of a product or service, which can be sold in the market. This doesn't have all of the bells and whistles but has enough features to work. Basically, it is good enough but not perfect.

Releasing an MVP allows one to get feedback at...

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