If you're an aspiring entrepreneur, here's what an MVP is and what you need to know about it:
Although “MVP” used to be only a sports term , it’s taken on new life as part of the lexicon of entrepreneurs getting something new off the ground. But what exactly is an MVP ?
And it can take a variety of forms—from “a product or service to developing your company’s policy on volunteering or even setting up a new federal government agency,” explains Ries. is an example of this. But it doesn’t have to be something you can hold in your hand or see in front of you—and in a lot of cases shouldn’t be, according to Blank.
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