How do you validate a startup idea?
  • How do you validate a startup idea?
Originally published: 14/05/2018 10:14
Publication number: ELQ-12586-1
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How do you validate a startup idea?

How-to methodology in PDF with PowerPoint presentation on how to validate your idea for a startup.

Description
You have an idea for a startup, but what are the next steps? This tool will guide you through the key concepts of a business model and the startup environment so that you can have a better idea of whether your idea actually makes sense before you start acting on it. It doesn't just entail having a list of things to test and a live product for validation. By internalizing all the key factors, you'll have the chance to quickly evaluate every idea that you have, and hopefully stop wasting time on ideas that will inevitably fail for reasons that you could have worked out yourself.

To really validate an idea, you need to start out by doing the groundwork. If you don't have a lot of cash, then you'll be pleased to know that spending a lot of money to validate your idea actually comes at the very end. If you understand business models, there are loads of things you can do to work out whether you are dead on arrival, or whether this is an idea that could be worth pursuing.

This tool will guide you through the thought process of how you can evaluate a business idea. Firstly, start by building a baseline for your objectives so you can make sure that the idea reaches it.

The attached presentation was made for Oxford Inspires and is called 'Dumb Ways to Die.'

This business tool includes
1 PDF Guide, 1 How-Methodology

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