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#7 - How to Research and Validate Your Business Idea: Avoid Costly Mistakes and Set Yourself Up for Success
Manage episode 438934869 series 3598551
Innhold levert av Shannon Russell. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Shannon Russell eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
This episode of the How To Quit Your Job and Start A Business limited series podcast is all about the critical steps you should take to research and validate your business idea.
Join Host and Career Transition Coach Shannon Russell as she shares the critical steps to research and validate your business idea. Learn how to avoid costly mistakes and ensure your idea meets real market needs with practical tips and tools you can use today.
Discover why conducting thorough market research is essential for refining your idea, identifying your target audience, analyzing competitors, and assessing market demand. Shannon shares actionable strategies for validating your business idea, such as conducting surveys, creating a minimum viable product (MVP), and utilizing pre-sales or crowdfunding to test your concept before launch.
By the end of this episode, you’ll have a clear understanding of how to test your idea effectively and make informed decisions before starting your business. Tune in for insights that will help you confidently move forward on your entrepreneurial journey.
In this episode, you’ll learn how to:
- Conduct effective market research to refine your business idea
- Identify your target audience and analyze competitor strategies
- Use surveys, minimum viable products, and pre-sales for validation
- Make data-driven decisions before launching your business
Free Resource: Download the Starting a Successful Business workbook at secondactsuccess.co/listen to brainstorm and organize your ideas as you follow along with the series.
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