Minimum Viable Product (MVP)

If this is not your first day on the market, you likely know your target audience's characteristics and the tasks of your business. You might already use some tools that you plan to develop further. In this case, there's no need to test every consequent product of yours. However, there are situations when MVP could considerably help you save your resources:

●     Because of the high competition density, there's a need to be the first to offer a new solution to the market;

●     There are too many product-associated risks, and you want to minimize them before investing large sums of money;

●     You have hypotheses that you want to test and verify;

●     You have a start-up idea, and you wish to receive funding. The best way to prove your value to the investors is to show them your mvp product in action;

●     There's a need or desire to start generating revenue earlier with minimum investments;

●     You need to understand the most optimal trajectory for your business expansion;

●     You plan to form first target customers for future interaction; The number of reasons to choose MVP development is extensive. In any case, this is the choice for anyone who still has doubts about the complete product picture.