How to Plan a Minimum Viable Product?
Before getting into the details of building a Minimum Viable product, or MVP, let us briefly look at what a Minimum Viable Product is and how it can help your business? As the name suggests, a Minimum Viable Product involves building a product with only the bare minimum and most essential features that many companies launch in the marketplace as a testing tool. It’s purpose is to provide primary customers with a viable product and in future develop it further with enhanced features to attract more users. Most big companies start out with an MVP and then slowly gain influence. The advantages of a Minimum Viable Product are manifold. Not only is it an affordable alternative compared to a full-blown product, but it also demonstrates to the company whether or not they should invest more in their business idea. Additionally, it helps develop a thoughtful product step by step. A common mistake while coming up with an MVP is that companies sometimes build an extremely crude product that...