The concept of Minimum Viable Product (MVP) was coined by Frank Robinson, CEO of SyncDev, Inc. An MVP defines the absolute minimum features needed for a project to feel complete and delivers value while allowing feedback gathering. In web development projects, an MVP is crucial to reduce risk and maximize return on investment. The process of finding an MVP involves defining what's valuable, determining the smallest amount of work that delivers value and allows feedback, and testing assumptions along the way. This mindset can be applied to personal decision-making, helping individuals tackle small, incremental steps toward long-term goals while validating assumptions and deriving value in increments. By adopting an MVP mindset, individuals can make progress quickly, avoid wasting time and money on incorrect assumptions, and ultimately achieve their goals more efficiently.