Expert Advising for New Business Idea Validation
A. New Business Idea Validation means a process of evaluation of Idea in such a manner to make sure your idea has a real demand, otherwise there’s a real risk of it becoming just another cool idea.
B. The idea must be able to solve a real world problem. The approach is to validate the problem first and identify the right solution.
C. The evaluation processes includes:
- Market Analysis.
- Competitor’s Analysis.
- Customer Category etc.
D. Validation is a continuous process for improving your idea and doesn’t stop with the first assumption. Even if you had a real problem and a validated solution for it, there are other aspects that might need to be validated as you develop your idea.
Our Scope of Services:
-An expert having an experience of over 15+years is assigned who helps to Validate the Idea.
-In detail discussion with the Founders/ Business Owners to understand the Business Idea together with Problem & Solution identified by Founders/Business Owners.
Framing a detailed strategy for Validation of Business Idea which consists of:
1. Surveys
2. Pilot Study
3. Research
4. MVP
5. Product/ Service Testing
6. Customer Feedback
7. Market Size etc
- Timely review meetings are done to ensure the procedures as suggested are being followed and suggest changes if required to ensure the desired output is derived.
- Further if required, we also help in the launch of the final product / service and provide hand holding services.