what all factors you consider to validate your business idea?

Question

Ayush Jangra ✦ · Accepted Answer

I think it's really important to validate your business idea before you start investing too much time and money into it. That way, you can make sure that your idea is something that people actually want, and that there is a need for it in the market.

I think there are a lot of different factors to consider when validating your business idea:

- What are the customer needs?
- Who are your competitors?
- What is their pricing strategy?
- Are there any regulatory hurdles?

I'd recommend doing some research on all of these points before committing to anything.

You don't want to spend months working on a product or service only to find out that nobody wants it or nobody needs it!

Richard Gao · Answer

1. Feasibility of actually building the idea
2. Competitor research and how they operate (validates demand or market saturation)
3. Enough of a demand online from people raising issues about a problem

Joan Mateo Duarte 🚀 · Answer

Talking to potential customers and competitors' research.

Anoir Houmou · Answer

Audience and competitors research.

Abhishek Marrivagu · Answer

The amount of money Competitors are making.
How much it would cost to run the business.
Market research 
etc.

Boris N · Answer

Here with this example you can find some check to validate your ideas: https://checkmyideaia.substack.c...

Boris N · Answer

here you may get a list of factors to consider, see this example : https://www.checkmyidea-ia.com/b...

what all factors you consider to validate your business idea?

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