Nischal Hathi

Nov 19, 20201 min

7 Quick Mantras for To Test The Business Viability


 
As an entrepreneur, you may be often asked whether it is possible to test the viability of a new startup  idea. Here are the 7 Quick Mantras to do that :
 
1) Study & Identify the Gap in the Market;
 
2) Develop something to fill that Gap;
 
3) Look at how much it costs someone [ if your Startup doesn't exist  in terms of:
 
     a) Time;
 
     b) Effort;
 
     c) Money;
 
     d) Lifestyle;
 
     e) Existing legislation;
 
     f) Safety.
 
4) Have a good Market Research and talk personally to your potential  customers;
 
5) Have a proper plan  - Business Plan as well as Passion Plan;
 
6) Check the plan for viability;
 
7) Go for It- Face your Fear & Dare to Do It.

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