Quick Tips for Entrepreneurs: Validation Guide: Will Your Business Idea Work?

Are you thinking about starting a business but not sure if your business idea is strong enough to be profitable? Idea validation, the process of testing business ideas to understand their viability can help guide you and is a crucial step to take before diving into your venture. But how do you validate a business idea?

First, you must determine what you want to validate. Do you want to ensure you’re focusing on the right CUSTOMER SEGMENT? The right PROBLEM? or a SOLUTION that your target audience will want to pay for? Or perhaps you want to validate your pricing structure or revenue stream or key resources or any of the other nine building blocks in the Business Model Canvas.

Watch this video as we guide you through the next steps of validating your business idea.

Are you ready to start testing your business ideas? A YES Business Coach can help guide you through all the steps which can help you to reduce the risk of failure.