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Developing a Minimum Viable Product (MVP) before a full-scale launch offers several significant benefits. It allows businesses to test their core ideas with minimal investment, reducing financial risk. By releasing an MVP, companies can gather early user feedback, identifying strengths and areas for improvement. This iterative approach ensures that the final product aligns closely with market needs and user preferences. Additionally, MVP software development enables quicker entry into the market, providing a competitive edge and the opportunity to build a customer base earlier. Overall, an MVP helps in refining the product, saving time, resources, and enhancing the likelihood of success.