Developing an MVP or minimum viable product is all about testing your product. It is how actually your product is going to target your customers. In this chapter we will learn about the basic understanding on how to build a minimum viable product for your startups.

What is an MVP?
An MVP is a minimal form of your product that is tested on the market. The MVP is a development strategy that allows your team to test accuracy of your product assumptions and learn how your targeted customers react and interact with your product’s basic functionality. This strategy will provide an insight into properly allocating your finances to satisfy your overall business goals. Building an MVP is an iterative and cumbersome process designed to identify user’s needs/wants and identify the suitable product functionality to address those needs over time.