MVP stands for "Minimum Viable Product." This is the simplest form of a product that can be given to early users. Before committing to full-scale production, the goal is to test a new business idea and see how interested customers are with few resources.

Starting with an MVP lets you test your idea for a product with real people before you spend a lot of time and money on it. It helps figure out what the most important features are that customers want without having to go through the trouble and risk of making a full-featured product from scratch.

The features in an MVP should be the bare minimum that your users need to solve the main problem. Figure out what the problem is that you're trying to solve and what your target users need. Then, put features in order of importance based on what is needed to make the answer work.

Depending on how complicated the product is and how many tools are available, making an MVP can take anywhere from one to six months. The goal is to get the product out there quickly with a simple version so that people can start to learn from it and make changes.

The cost of making an MVP depends on many things, such as the size of the product, the technology used, and where the developers work. It can cost anywhere from a few thousand dollars for an easy app to a lot more for a complicated piece of software that works with a lot of different apps.

Yes, an MVP is meant to be the base from which a full product is made. You can build and add more features to the MVP over time based on comments from users, turning it into a full-fledged product.

Before the start, success measures for an MVP should be set up. These may include how engaged users are, how much feedback you get from customers, how many people sign up or download, and your conversion rate. These measurements should help you figure out if the product fills a need in the market.

One of the risks is getting bad feedback, which can be helpful but may mean that big changes need to be made to the product. It's also possible that a rival will quickly copy the idea and come out with a better product.

Direct contact, surveys, user testing events, feedback widgets built into the product, and looking at usage data to see how people are using your product are all ways to get feedback from users.

An MVP is a working product with the bare minimum of features needed to start learning from real users. A prototype is a rough visual mock-up of the product that is often used to show off an idea or concept