Before you waste your time and money on a new business idea, do these steps first
Validate your business idea. To “Validate” your business idea simply means to test it. There are several ways you can validate your business idea prior to investing time and a lot of money. You can also use the Validation Method for existing businesses for those of you who want to add a product or service to your business. Here is a step by step guide on how to validate your business idea.
If you’re like a lot of people who want to start a business but can’t figure out what type of business to start, validating your business idea first, prior to launching a business, is the best way to go. For those of you who want to start a business however you’re working a full-time job, with limited time and money, validating your business idea is a great way to test your business idea before stepping out into the entrepreneurship role full time. When you’re unsure if your business idea will work-validate your business idea first.
First, write down your ideas on paper. Out of the list of ideas, choose 2-3 business ideas that you want to test.
If you’re unsure of what type of business to start, here is a list of 80 different Business Ideas to choose from:
Sell items on Amazon
Online Consignment Store
Phone Repair Technician
Social Media Manager
Presentation Design Consultant (good for startup companies who need someone to create presentations)
Home based Chef
Healthy Meal Prep Chef (seek out nutritionists and personal trainers to offer your services)
Online Dating Consultant
Buy and Sell Domains
Real Estate Agent