You have a Genius Business Idea!
How can you be sure it will succeed?
Validate Your Business Idea in 4 Steps: Template Included
Is there demand for your business idea?
It has been well documented that the number one reason of startup failure relates to product market fit, i.e. is there a demand for your dream product? Let us help you figure out if the market has a need for your product & you’ll get enough customers to sustain your business.
Do you love what you are looking to build?
Have you fallen in love with your business idea? Entrepreneurship is a lot of hard work, with challenges along the way. Having clarity will give you the drive to keep going. Let's work together to test your commitment and elevate your business to new heights!
Do you have the right strategy in mind?
Our clients are at the heart of everything we do. Before you jump full in, we want to help you decide if you have the right business model. Will your idea generate a profit? Many new businesses run out of cash too quickly. Have you planned, budgeted your cash needs?
1. Answer Few Questions
We help you test and validate your idea — before you waste time and money on it. Answer few questions to help you picture how your business will actually work.
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What problem are you solving?
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For whom? who is your target market?
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What are your expected expenses and revenues?
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What business model will you use?
Time Commitment: 30 minutes
2. Forecast & Plan
Time Commitment: 45 minutes with ur BIZ Assistant
To figure out if your idea is any good, you need to get it down on paper and create a SIMPLE PLAN & SIMPLE FORECAST.
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Start by creating a one-pager that outlines the "pain point" your offering is alleviating
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Identify the customer segment wanting to solve this “pain” really badly
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Define the strategies to differentiate your offering from the competition
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What will your cash burn-out rate be?
Have you factored AI capabilities in your planning?
3. Test & Collect Feedback
The most important step is feedback and talking to potential customers about your assumptions.
Can you offer your product to select early adopters for FREE to collect data?
Then, supplementing your research with:
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Market and industry data
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Competitor performance review
Remember, startup failures are primarily due to a weak “PRODUCT MARKET FIT.” Customer research is crucial.
Time Commitment: 4 hours or more
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4. Analyze & Re-Focus
Almost there! Examine your customer feedback, take an objective look at your business vis a vis competition & market, and confirm your idea is good, or needs adjustment.
Your research and the feedback received allows you to answer:
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Was your gut feel correct?
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Is your target customer identified?
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Compare the assumptions you wrote in your one-page plan “the problem you propose to solve” to the details you collected from customers. Did you solve the problem?
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If not, what can you do to improve?
On this basis, tweak your strategy or re-think your business idea and TAKE NEXT STEPS with confidence.
Time Commitment: 2 hours or more
Not Looking for the "Do it Yourself" option?
“I am not not looking to do it ALL myself. How can I get a business mentor support?
The business idea validation process will help you determine if your concept is feasible i.e. achievable within the constraints of available resources, market conditions, and expected demand.
Our experts will help you demonstrate the potential of your Business Idea. Book a free session and elevate your efforts.
