Trying and doing everything at once can be tempting when starting a new business. However, this often wastes time and money as you build features that no one wants or needs. An MVP is a product version with just enough features to be useful to your target market.
You get feedback from users early on and make changes and improvements before investing too much time and resources. Building an MVP also allows you to validate your business idea and ensure a market for your product. So if you're starting a new business, remember to keep it lean and build an MVP. It could just be the key to your success.