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How to validate your business idea with MVP

Perhaps, you’ve already heard of MVP—minimum viable product—that seems to be a miracle drug to plenty of business challenges associated with building software. MVP development is widely used for various goals, for example, for startup launch, attracting investment, testing the product idea, collecting the user base, and more. 

This approach will perfectly suit you if you want to quickly deliver a working solution and reduce costs. By the way, giants such as Uber, TechCrunch, Quora, Dropbox, and PayPal started their way to success from MVP. However, what does MVP actually mean? How does it help create great software that meets the needs and preferences of your audience? And more importantly, fill a niche on the market? 

Providing custom mobile development services, we’ve delivered dozens of MVPs and will be glad to share our knowledge with you. So, learn the answers in this post!

Overview of MVP roots

The MVP’s roots go back to the Lean Startup development philosophy that enables businesses to release their software products much faster while taking into account user feedback. An MVP approach gained popularity after Eric Ries described it in his famous book “The Lean Startup”. 

Being also the author of the blog “Startup Lessons Learned”, he defined an MVP as “that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.”

Agile Alliance described an MVP definition in software engineering as “the smallest set of features or requirements to deliver value to stakeholders and satisfy early adopters in the shortest time possible. It focuses on core features sufficient to deploy and deliver stakeholder value and no more.”

One should note that the smallest doesn’t necessarily mean the simplest as different systems imply different levels of complexity. The same goes with “valuable”: MVP isn’t only about providing users with value, it is also about showcasing this value to stakeholders and future customers.