An MVP enables you to test your solution on the market while minimising time and budget.
When you're still in the product design phase, you can only form assumptions about how your product will be received and used.
At this stage, it's important to test a version containing only the essential features.
The opposite of an MVP is a fully finished product requiring heavy time and financial investment, without knowing whether it truly meets users’ needs. The risk is real: realising too late that you made incorrect assumptions, that 80% of the features are unnecessary, and that much of the product needs to be rebuilt.
An MVP lets you validate your assumptions early and align closely with your users' expectations.