Minimum Viable Product abbreviated as MVP is the starting phase of your startup or project where you create workable version of your business concept or project. In the MVP stage, you don’t have to create a detailed version of your offering which may require you to invest a lot of time and money. The MVP produced in this stage is then used to collect feedback from the client or real world users. The collected feedback is then used to develop the final product. The product created in this phase helps you validate your assumptions of usability of your product and also project demand for the final product.