20 Questions you can ask to validate your startup idea 1. What problem are you solving? 2. How have others attempted to solve this problem before, and why did their solutions succeed or fail? 3. How many specific benefits for your product or idea can you list? 4. Can you state, in clear language, the key features of your product or service? 5. Does your idea already exist in the same way you were going to create it? 6. Who are your potential competitors? 7. What key features does my product or service have that others will have a hard time copying? 8. Have you done a SWOT analysis? 9. Do you have access to the various resources you need to launch a business? 10. Do you have a mentor or industry advisor that you can call on? 11. Can you name somebody who would benefit from your product or service? 12. What is the size of the market that will buy your product or service? 13. Have you reached out to potential customers for feedback? 14. Can you set up a landing page and encourage interested people to sign up for more information? 15. What would it take to build a minimum viable product to test the market? 16. Can you get paying customers from your target market to pre-order based on a blueprint or mockup? 17. Can you produce the actual product yourself, or do you have a partner who can? 18. Do you have distributors or partners to help you scale your business? 19. What will it take to break even or make a profit? 20. How can investors in your idea make a profit? by Tejas Sudhindra

20 Questions you can ask to validate your startup idea 1. What problem are you solving? 2. How have others attempted to solve this problem before, and why did their solutions succeed or fail? 3. How many specific benefits for your product or idea can you list? 4. Can you state, in clear language, the key features of your product or service? 5. Does your idea already exist in the same way you were going to create it? 6. Who are your potential competitors? 7. What key features does my product or service have that others will have a hard time copying? 8. Have you done a SWOT analysis? 9. Do you have access to the various resources you need to launch a business? 10. Do you have a mentor or industry advisor that you can call on? 11. Can you name somebody who would benefit from your product or service? 12. What is the size of the market that will buy your product or service? 13. Have you reached out to potential customers for feedback? 14. Can you set up a landing page and encourage interested people to sign up for more information? 15. What would it take to build a minimum viable product to test the market? 16. Can you get paying customers from your target market to pre-order based on a blueprint or mockup? 17. Can you produce the actual product yourself, or do you have a partner who can? 18. Do you have distributors or partners to help you scale your business? 19. What will it take to break even or make a profit? 20. How can investors in your idea make a profit?

by Tejas Sudhindra



from Bangalore Startups http://ift.tt/13SDKxV