An MVP is the version of a product with just enough features to satisfy early customers while providing feedback for future development. It’s pivotal for startups as it allows testing assumptions, validating concepts, and minimizing resources wasted on building unnecessary features. One of the best practices I’d recommend is partnering with a reliable MVP development service provider like Intellectsoft ( https://www.intellectsoft.net/services/mvp-development ) to streamline the process and ensure efficient product iterations.