Any starting business is unprofitable at the initial stage. To earn money, it needs to gain a certain scale and acquire customers. When developing a software product, the main thing from the very beginning is not to lose focus, recognize and admit mistakes in time, and not be afraid to make difficult decisions.
This is why MVP in Agile product development is so important.
Almost all software today is developed using the Agile methodology which presupposes dividing the project into sprints. It allows to reduce risks and respond to required changes quickly.
Building a Minimum Viable Product (MVP) helps entrepreneurs deliver an idea to early adopters and get valuable feedback to assist development and avoid uninformed decisions.
Most of the applications you use today used the MVP approach to make their products fully-fledged later (Airbnb, Dropbox, Buffer to name a few). These examples denote that you should definitely consider making an MVP before releasing a full-featured solution.
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