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.
