How do you validate your business idea?

For me, build a MVP and gather feedback from beta users

research your target market, gather customer feedback, analyze competitors, create a minimum viable product, iterate based on user input, and evaluate financial viability.

To validate a business idea, I focus on building a simple MVP (Minimum Viable Product). The goal is to create just enough functionality to showcase the core value of the idea. Once it’s ready, I test it with a small group of early adopters to gather feedback and see if it resonates with them. This stage is crucial because it reveals if the idea solves a real problem and if people are willing to use or pay for it. Based on their feedback, I refine the product and decide whether to pivot, improve, or scale. It’s all about learning quickly and iterating smartly! Great book I can highly recommend for this topic is "The Lean Startup".

I think a business idea is validated if it solves a real problem and people are willing to pay for it. I like to ask myself these simple questions to stay on track: - Does this idea solve an actual problem? - Are there people out there who have this problem? - Would they pay to solve it? If the answers are yes, then it’s a great start.

It is easy building a MVP these days. So just build it and gather feedback to validate.

the ordinary users who is a stranger to me, it would be best to meet in person offline

There's a booked called 'The Mom Test' by Rob Fitzpatrick which helps so much with this. I'd highly recommend it. But testing your idea early so important.

For me, it's about building a simple prototype and seeing if people are willing to pay for it or show interest.

I'd start with an email waitlist page, and if it gets enough signups, create an MVP and go from there.

My co-founder and I are validating our product by reaching out to potential customers and pitching the product as if it was already out there. This way, we're getting feedback from customers right away and can change direction if the product isn't getting the traction we want. Worst case, they hate the product and we can pivot before we get too deep into development. Best case, they LOVE it and we have potential customers ready to go at launch. Seems like a win-win to me.

Try and sell it

I make it a point to talk to pros who have already established successful businesses. Learning from their experiences, insights, and strategies is invaluable to me. There’s so much wisdom to gain from those who have already walked the path and navigated the challenges. That mindset of seeking guidance from professionals is what led me to discover https://ukwritings.com/write-my-..., and I couldn’t be happier about that decision. It’s been a game-changer for managing my workload and keeping my focus on bigger goals. Sometimes, knowing when to seek help is the key to moving forward with confidence and clarity