MVP, maximum benefits with minimum risk
Many startups fail because they confront their assumptions with the market too late. The MVP approach allows you to find out how valuable the planned application is for the recipients in the minimum time and at the same time at low costs.
Product market fit
Building an MVP allows you to verify to what extent potential customers need your solution and in what direction its development should go. If, when confronted with the market, you notice the need to make corrections in your product, you will be able to make appropriate changes quickly and with low financial expenditure.
Save time and money
Investing in a full-value product without knowing if users need it is risky. Therefore, when building an MVP, it is worth choosing a more economical solution, e.g. creating a mobile application in the Flutter hybrid technology, which, unlike creating two native Android and iOS applications, will definitely reduce the development costs.
Building MVP and positive market validation is the basis for obtaining financing for the final product from a business angel or venture capital fund.