Building Something i... • 8m
Don’t invest any money in a business. Here’s why: Never invest money into a business idea until you’ve validated it with a “mini MVP.” So, what exactly is a mini MVP? Think of it as a middle step between your initial idea and a fully developed MVP. It’s designed to test key aspects of your idea, without spending any money. Here’s how to approach it: 1. Identify Your Target Customer – Start by defining your ideal customer profile. Who exactly is your product meant for? 2. Engage 100 Targeted Customers – Reach out to a sample of 100 potential customers, either virtually or verbally. Describe your product or solution clearly and ask them one key question: “Would you pay for this?” Important: Never offer it for free, even at this stage. If you give it away now, they’ll likely expect it for free later too. 3. 👇
Real Estate Solopren... • 5m
4/100: Validating Your Business Idea Having an idea is exciting, but before you invest time and money, you need to validate it. Validation means testing whether your idea solves a real problem and if people are willing to pay for it. Start by talki
See MoreBuilding WelBe| Entr... • 5m
Startup Basics Day 3: Building Your Startup MVP (Minimum Viable Product) So, you’ve got a solid idea, and you’ve even validated it. That’s awesome! Now, it’s time to bring it to life, but not by building the entire thing (yet). Today, we’ll talk a
See MoreCS student | Tech En... • 1m
*How to Start a Small Business* Here’s a quick guide! Start by choosing your business idea and location, then brainstorm a name and create a business plan. Register your business, get the required licenses and permits, open a bank account, arrange f
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