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How to Make Your MVP Truly Cost-Effective

Creating a Minimum Viable Product (MVP) is the best way for entrepreneurs to validate their assumptions about the viability of their business model. Taking the roadmapping approach and starting out by creating a MVP makes a lot of sense from the business point of view. A product roadmap is a great tool for visualizing the direction the product would take over time and coming up with a strategic plan for the offering. Building the minimum viable product or the product prototype is crucial. While an MVP results in significant cost savings, building one also incurs a significant cost for the company.  Related: Uncover Market Opportunities With This Roadmapping Strategy The MVP aims at resolving the core problems that users face and offering them viable solutions for the same. While automation is a time-saving process, in the initial stages of business, a manual-based approach is what is bound to work best. How to Make Your MVP Truly Cost-Effective

thumbnail courtesy of entrepreneur.com

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