No matter the structure, size, or platform businesses exists to solve problems and meet a needs. If you have an idea for a business great, but how do you validate that idea? How do you know the idea has the potential to work?
Maybe you’re like me and you get ideas all the time, as a matter of fact, I get ideas pretty much every day. When you first get an idea it’s tempting to think the idea is perfect and if you had the right help your idea could be a reality.
I learned first hand this is not the case. In the past, I had a so called “great idea”. I registered a domain name and began writing out the content to build the website service. My idea involved creating website templates which I would customize for clients as long as they paid the setup fee and the recurring monthly fee. I chose my target audience and did just about everything except for validating the idea. Some months later I realized I lost out on money spent on marketing and even worse I lost out on time.
You don’t have to learn the hard way like I did, here are 8 ways you can validate your business idea and determine if the idea will work.
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