To build a Minimum Viable Product (MVP), follow the 7 key steps to build your prototype:

1. First Identify the core problem your product solves.
2. Do market research to validate user demand.
3. Define the must-have features — no fluff, just what’s needed to solve the core issue.
4. Sketch or wireframe your MVP to plan out user flow and experience.
5. Develop the MVP fast — think lean, go simple.
6. Launch to a small user base to gather real feedback.
7. Iterate based on feedback, fixing what matters and improving what counts.

Pro Tip: Don’t aim for perfect. MVP’s all about learning what works without blowing your whole budget.