How to Validate Your Startup Idea? (Infographic)
Right after I passed my high school, like most of the people, my dad suggested opting for a proper job, instead of starting my own business.
I with due respect enrolled in a 9-5 job. For the first 6 months, I learned a lot, and trust me, I being here, has a lot to do with my early job.
My job was in an ecommerce store. As a junior developer, I was quite thrilled by the origin of extensive websites every day. So, I studied all that was necessary to make a website and just after I completed my first year, I resigned to start something of my own.
Now if you are an Entrepreneur or a small startup you can relate to my story. Starting something is quite easy but to keep it open is the hard part.
If your startup failed, it’s because it didn’t solve a tier 1 problem for a large enough audience. As a young Entrepreneur or anyone who is fresh from college, you need to focus on something that can go on the long run.
The most successful Entrepreneurs are ones that minimize the risk of failure. In a research, it was concluded that more than 83% of the startups fail within the first 5 years.
What makes a startup succeed or fail? Is it the idea or the execution? Is it the passion or hard work?
Before you blame anyone for your startup failure, take out some time to analyze what went wrong.
To get the best of your startup you first need to validate your idea. Yes, you heard me right, before you even start making logos or crushing your creativity for your website, you need to spare some time and see whether your idea is really worth it or not.
There are several ways in which you can validate an idea, but you need to choose something that has worked for others and is tried and tested.
You need to gauge your brilliant idea with against some factors. What are these factors? Well, if you have asked this question a few years back, I would have denied, but now with so much transparency over the internet, everyone loves to share how they went from being zero to number one.
I am not here to brag about my successor to dictate you on anything that is superficies, but instead, I am here to help you out with your startup.
Here Branex – a digital design agency from Toronto came up with a mind-blowing infographic on how to validate your startup idea without spending a dime?
I am a serial Entrepreneur, so I have seen both sides of the coin. The success, and the failure. And trust me, when I say, validate your business idea before you jump into the river of the unknown, it is always advisable to gauge the level of the sea. This infographic does the job for you. Check it out. Execute it. And launch your dream idea. And yes, best of luck!
Original Source of Infographic – Branex