coMakeIT Blog Why and how should we define the Minimum in an MVP?

There is no hard definition of what the minimum in a Minimum Viable Product is. All makers are riddled with doubts while building an MVP. What features should it include? How much expenditure spent on developing it is too much or too less? In what time frame should we build it? Are we too fast or too slow? Oh! This is too complicated! Should we just shape a deep product than a preliminary MVP? No. Launching an MVP reduces the risk and aids us in testing several hypotheses. Why MVP? Though starting small with an MVP is important, many product builders and innovators want to build the most perfect product possible. For the love of their ideas or technologies, they craft their products and are keen on honing them with thorough testing before releasing them to the market. However, business experts suggest that such blind love for innovation doesn't help us in impressing customers or setting up a profitable business. This is especially true for several reasons - One, the markets are volatile, disruptions can affect us from anywhere and anytime, and technologies get outdated very fast. Two, innovators get emotionally attached to their ideas and do not evaluate them...The post Why and how should we define the Minimum in an MVP? appeared first on Software Development | Product Engineering and Transformation Blog.