Look at the position of the Minimum Viable Product (MVP) within a product’s life cycle:
MVP concludes the initial development stage. You introduce the first public version of your product to the early market of innovators.
Even if your product grows, you must cross the chasm to achieve product-market fit. The chasm is a gap between the early market and the mainstream market. The early majority is looking for proven value and, unlike early adopters, won’t be satisfied with a half-baked solution. To do so, you need to adapt and improve your MVP or even pivot sometimes.
You only succeed if your MVP evolves into a product that fits the market. Many startups and entrepreneurs never get beyond the MVP part. Don’t be one of them.
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Xfive can help you in every stage of your digital product development.
