Validating ideas for christmas

In my last post, I talked about how you can generate business ideas. Now, I would like to share some methods on how you can validate your ideas to see which ones you should pursue as a business. By following these steps, you have a much better chance of launching a successful startup. You may have an amazing idea, only to realize that there is another company doing exactly what you propose.

He slid a schematic of his prototype toward me and continued: It should generate enough juice to keep the battery charged. From to , the number of applications for patents in the United States shot through the roof. The number of patents granted is usually about half of the total submitted in a given year. But the point is: Pretty cool.

Nine out of ten startups fail. Part 1 investigates challenge definition identifying the right problem , Part 2 outlines solution testing and creating minimum viable products validating benefits , while Part 3 highlights pitfalls in delivery time to market. Whether you are a startup or a large corporation the key question is the same, How do you confirm market need before spending a lot of money?

About two months ago, one of my ideas was rejected. Not by customers, investors, or even strangers. This idea was rejected by some of my closest friends. They get local artists to redesign movie posters in a really clean way and only produce a very limited amount of them. MondoTees tweets when a poster goes on sale and within a few minutes it is sold out.