What is an MVP? Why would I even think about going this? Am I crazy? In this podcast, we discuss the concept of a Minimal Viable Product (MVP) as a strategy for launching new products or businesses. Susan explained that an MVP is a simplified version of a product that allows for testing the core hypotheses with minimal effort, focusing on speed and efficiency. The MVP is quickly developed and includes only the essential features required for the product to function. It is then released to a select group of users to gather feedback, which guides iterative improvements. Susan highlighted the benefits of the MVP approach, such as risk mitigation, quicker time to market, user-centric development, cost-effectiveness, and learning opportunities. She encouraged listeners to consider the MVP approach for launching their products or businesses.
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