Every once in a while, we get brilliant business ideas that we have no clue whether the market or users will be actually willing to pay. So to address that concern, we need to validate the idea, as it helps you to better understand the current market situation and avoid jumping into unnecessary development.
In the template, your idea is divided into 8 crucial areas: Users, Market, Solution, Build, Team, Measure, Research & Iterate. You will be given a few questions to answer in each area, breaking them down as much as possible. The answers don’t have to be precise or proven facts, they could be your simple assumptions. The point is to get everything out of the idea you’ve come up and assess the risks that come with it.
If you find it useful, I’ll be more than happy to hear from you ????
– Teddy Be