Here are some key questions to ask yourself to validate the idea:
Posted: Tue Dec 17, 2024 10:09 am
Because you also have to think about the long term: starting a business is not an isolated action over time, and you have to be realistic about the possibility of developing an activity that can prosper in the long term.
Does my business idea meet a real market need?
Are there other companies that already meet this need?
Who is my target audience, the consumer mobile number database profile of my typical customer, and how do I identify them?
What is my target market, the relationship between supply and demand in this area and in this geographical location?
You can also do a more in-depth market study by carrying out surveys, by carrying out a more in-depth economic analysis of the existing markets in the field of activity concerned, or by consulting various statistics on consumption habits.
The opinion of others or seek feedback: When you start a business as in any project, outside opinions are often very useful. This allows you to have constructive feedback or a second thought on some decisions. You are often advised to expose your idea to loved ones, in the family sphere, with friends, or even with colleagues or professionals as part of a follow-up or support, to have a different perspective, and sometimes ask yourself questions that you would not have thought by yourself - or even, adjust certain ideas.
Does my business idea meet a real market need?
Are there other companies that already meet this need?
Who is my target audience, the consumer mobile number database profile of my typical customer, and how do I identify them?
What is my target market, the relationship between supply and demand in this area and in this geographical location?
You can also do a more in-depth market study by carrying out surveys, by carrying out a more in-depth economic analysis of the existing markets in the field of activity concerned, or by consulting various statistics on consumption habits.
The opinion of others or seek feedback: When you start a business as in any project, outside opinions are often very useful. This allows you to have constructive feedback or a second thought on some decisions. You are often advised to expose your idea to loved ones, in the family sphere, with friends, or even with colleagues or professionals as part of a follow-up or support, to have a different perspective, and sometimes ask yourself questions that you would not have thought by yourself - or even, adjust certain ideas.