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In the world of new businesses, taking a small idea to a big reality is thrilling yet a challenging adventure. When building on any idea it is very important to break down your projects into small projects get market validation else you will end up with a product no one need might not use. Therefore you should understand the concept of MVP.
So, MVP stands for Minimum Viable Product. Let’s say you have a cool idea for building a super App, but instead of building a the App with all the functionality and putting up every feature you can think of, you start with some features according to you market study and build a simpler version of the app with all these initial features and then test them in the real world, and basis of it’s response from the user you build the App step by step by releasing and modifying features one by one. Therefore building MVPs will really help you test your idea with real people before you spend a lot of time and money on making it perfect.
Planning your MVP is like planning a small trip before a big vacation. You decide where you want to go, what you want to see, and how long you’ll stay, but on a smaller scale. It’s about choosing the most important features you want to test, understanding who will use your product, and figuring out how you’ll collect feedback to make it better.
Well this could be understood by an example. Suppose you have are throwing a party, but you are not great at making desserts. So, instead of learning how to make desserts by yourself you ask someone else who could do it for you. This is a bit like outsourcing in the business world. Companies ask other expert companies to handle certain tasks for them, especially those tasks they find tough or too time-consuming.
Here in context outsourcing your MVP will mean that you hire someone else who will built the MVP for you, so you could focus on the making bigger decisions or studying market.
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