A Minimum Viable Product (MVP) refers to the product development strategy that focuses on building the basic version of a product that solves the core problem for users.  The goal of a minimum viable product (MVP) is to release or bring the product to the market quickly, test it in the market, and iterate based on real user feedback. Without investing excessive time and resources in the featured product.

Key Characteristics of an MVP:

• Core Functionality: The MVP includes only the essential features that are necessary to address the primary user problem or need.
• User Feedback: Once the product is launched, the MVP serves as a tool to gather insights and feedback from actual users to guide development.
• Quick Launch: The MVP is designed to launch quickly. This allows businesses to test the product with a smaller audience before making large investments and adding features.
• Iterative Process: After gathering feedback, the product is refined and enhanced with multiple iterations to improve the user experience and add value.

Building an MVP is a strategic approach for entrepreneurs and startups looking to bring their ideas to reality using minimal resources. At the same time, helping them to maximize growth.  t It allows businesses to validate their concepts early. Refine the product based on user feedback, and move forward and bring a customer-centric product.