8 Misconceptions about Minimum Viable Products

Creating a minimum viable product (MVP) is a crucial step in product development that allows you to test your concept and identify areas of opportunity or improvement. However, there are several misconceptions about MVPs. Many believe they are subpar or imperfect products that don't deliver enough value, but this is far from the truth. MVPs are meant to be viable products that provide early insights and valuable feedback to enhance the final product. Other misconceptions include the idea that there aren't enough features to test or that the MVP is just a prototype, but in reality, it's a functioning product designed for external purchase. Finally, it's critical to understand that MVPs aren't just about generating quick profits – they are an essential component of a successful innovation program that helps ensure your product delivers the value you intend.