Your Business ideas may seem very real to you, sometimes they may be vague, but something important to know is that success and failure come to both and what differentiates these are the steps taken a step make it what they become.
Executing a business idea with a very huge capital does not necessarily lead to success in business as these are some of the excuses given by young entrepreneurs who have a vision but see their ideas and goals rotten in shelves due to lack of capital. Capital as a substitute for success doesn’t always work, that is, not all well-funded projects succeed. Therefore an important factor that ensures the success of an idea known as idea validation will be discussed in this article. All business idea will be discussed as a product in order to make it simple and easy to understand
What is business validation?
This is the process by which others confirm the validity of our idea. We hear from people how important our products or service idea can be beneficial to them. It can also be seen as the act of verifying if our product is acceptable to the target market or it’s just a surface idea with no basis in the market.
