How to pursue or kill ideas

The first step in validation is to come up with a great idea. But how do you know if your idea is any good? How can you tell if it's worth pursuing?

The answer is to validate your idea as quickly and cheaply as possible. This means doing some market research and testing to see if there's actually a demand for what you're offering.

If you can validate your idea quickly and cheaply, then it's worth pursuing. If not, then it's time to move on to the next idea.

Here are some tips for quickly validating or killing your business ideas:

1. Do your research

Before you do anything, it's important to do your research. This means understanding your target market and testing your idea to see if there's a demand for it.

2. Talk to people

One of the best ways to validate your idea is to talk to people. This could be family and friends, or it could be strangers.

Ask them if they would be interested in what you're offering. If they say yes, then you're on to something. If they're not interested, then it might be time to move on.

3. Create a prototype

If you have a great idea, then it's worth creating a prototype. This will help you to validate your idea and see if it's actually feasible.

4. Test, test, test

Once you have a prototype, it's important to test it. This means putting it in front of potential customers and seeing how they react.

If they like it, then you're on to something. If they don't, then it might be time to move on.

5. Get feedback

Feedback is essential for any business idea. This means getting feedback from both customers and experts.

If the feedback is positive, then you're on to something. If it's negative, then it might be time to move on.

6. Launch a minimum viable product

If you're confident in your idea, then it's time to launch a minimum viable product. This is a product that's just good enough to test the market.

If people like it, then you're on to something. If they don't, then it might be time to move on.

7. Iterate and improve

Once you've launched your minimum viable product, it's important to iterate and improve. This means making changes based on feedback and data.

If you can continue to improve your product, then you're on to something. If not, then it might be time to move on.

8. Grow your business

If you've followed all of the above steps, then you should have a validated idea. Now it's time to grow your business and make it a success.

This means continuing to marketing and selling your product. It also means expanding your team and scaling your operations.

If you can do all of this, then you're on to something. If not, then it might be time to move on.

The bottom line is that you need to validate your idea before you can know if it's worth pursuing. By following the tips above, you can do this quickly and cheaply.

If your idea is validated, then it's time to grow your business. If not, then it might be time to move on.