Is Your MVP Ready?

What important step did some of the biggest startups, including Facebook, Airbnb, Dropbox, Twitter, Uber, Spotify, and Foursquare, take before launching their polished applications? They introduced a Minimum Viable Product (MVP).

For many of these well-known companies, the MVP was the seed from which multi-billion dollar companies grew. And while there is no guarantee that your startup will follow their example, this important step can lay the foundation for future success. 

An MVP is an initial approach to your idea that, while not fully developed, can show you (as well as your stakeholders and users) that you have something worthwhile in your hands. But, being an incomplete version of your idea, it's natural to ask: how do you know if the MVP is ready for launch?

What is an MVP?

An MVP is a product that has the critical requirements and the fewest features necessary to work successfully. This model is created to meet the needs of early adopters. Businesses invest the minimum effort needed to validate the product and demonstrate its potential to a larger market.

MVPs are used by many types of businesses across various industries, but they play an especially important role in software development, particularly in teams using agile methodologies. 

It is worth remembering,