Nischal Hathi
Nov 19, 20201 min
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.