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 an early stage, and improve the product later on.
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Customer Discovery
Startups should aim to develop the first product for a small target market via a Minimum Viable Product (MVP). The object of the MVP is to get a product out there for the early adopters (called earlyvangelists here) to play with.
Putting out an MVP forces developers to fo...
Do what scares perfectionists
- It is not uncommon for entrepreneurs to first create a product and then find out consumers' reactions. But the point is to do the opposite.
- The goal of creating a Minimum Viable Product (MVP) is to start learning and testing in practice as soon as possible.
- An MVP is needed ...
Understand how the product will grow.
It's important to have an idea of what your product will look like down the road.
Early stages of product design are when you should take stock of the features that didn't make it into your minimum viable product and store them away for later.
You should decide at the...
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