Building your minimum viable product

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Building your minimum viable product A minimum viable product (MVP) is something that has just about enough features that satisfy your early customers and prove that there's a demand for your product, giving you confirmation it's actually worth building. The clue is in the name. If you just build the minimum nobody wants to use it and it doesn't solve the problem. If you build the minimum and the viable it's good enough to attract the first batch of early adopters. Your goal is to get to the viable and build your full product. It's a lot cheaper to get feedback from an MVP opposed to building the full-blown product. Building your full product with all the features from the start increase your risk and your costs. According to CB Insights, the number one reason ​startups fail​ is that they build a product which has no market need.

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Building your minimum viable product by darrylfriar - Issuu