Minimum Viable Product - Deepstash
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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 an early stage, and improve the product later on.

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Perfect Vs Good Enough

Perfect Vs Good Enough

For work that is not mission-critical, sometimes it is better to be just good enough, instead of being perfect.

Striving for 'Good Enough' instead of perfect can increase productivity if done rightly.

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First of its Kind

First of its Kind

If a product is being launched in the market that is new and does not have competition, then launching it with bare minimum features is the right way.

MVP (Minimum Viable Product) strategy does not work for a generic product.

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Providing Value

Providing Value

If a product isn't perfect, the thing to consider is if it provides value to the user as it is, or not.

If there are some omissions or inconveniences, one has to figure out if it is still worth putting in the market or wait until it is in better shape.

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A New Project

A New Project

If you already have a big, successful product in the market and want to launch a new, not-so-perfect product, it may not be a great idea.

Launching a bare-bones product is more suitable for early-stage companies.

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CURATED FROM

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Never give up. Always find a reason to keep trying.

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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...

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...

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 ...

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