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Every business starts with an idea of a service or product. This idea offers a unique solution to a common problem. Your idea must not only be creative, but “commercially viable.” This simply means that it can make you money.
One way to get feedback is through family and friends. Ask for their honest opinions. They can give you encouragement—or a reality check. Either way, considering both positive and negative input is a good place to start.
Your personal network is an excellent resource. Maybe you could send out a survey, or interview volunteers; the answers you get might surprise you!
Evaluating your idea is known as validation. While this process might have other steps later on, like pitching your idea or testing your product, ask yourself these five key questions:
You answered out of questions correctly. Click the Retry button if you'd like to take the quiz again!
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