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Why is it a Good Idea to Build an MVP in 2020?
2020 has been a year of huge change, so we know that starting a project requires a lot of planning. After a pandemic like the current one, we need to ensure that the product we plan to develop will be viable, but how do we do this through an MVP?
First of all, are you clear about what an MVP is?
MVP stands for Minimum Viable Product, and it is a product with a basic set of features that are enough to capture the attention of early adopters and make your solution unique. The idea of an MVP is to get your audience’s feedback first before releasing a fully-fledged product. So MVPs can help you avoid failures and significant capital losses.
Main goals of an MVP
The main goal of an MVP is to quickly develop a working product that provides immediate value while also minimizing the costs. Starting with an MVP will allow you to learn more about your end-user and the market you wish to enter as you test your assumptions.
An MVP will also set the stage for future iterations of development and clarify the sequential steps to take in the project — whether that’s changing directions entirely, or continuing down your set development path. In some instances, an MVP can also be used to showcase the business potential and win stakeholder buy-in. Whether you’re…
