The document provides 10 ways to validate a startup idea. It recommends writing down the product concept, gaining domain expertise, and identifying a good market. It suggests "faking it till you make it" by creating an interactive prototype with minimal effort. The document advises going out to test the idea with potential customers, analyzing the data and repeating, and selling before building the full product. It also notes that investment is earned not given, and that founders should have passion and focus while developing personal skills like networking, marketing, and analytics. The key steps are to document the idea, create a minimum viable product, get early customer feedback, iterate based on results, and focus on building the product and business.

1. Validate Your Startup Idea
10 Ways To
Swarnendu De
Innofied Solution
@swarnendude

2. You?

3. Me.

4. Got an idea.
Now what?

5. 1.
Write down your product concept

6. 1. Your idea
2. What problems do you want to solve?
3. What is your target market?
4. Who are your customers?
5. How does it solve the problems?
6. What features will your product have?
Write down your product concept

7. 2.
Have a good domain expertise

9. 3.
Identify a good market to enter

10. 1. Size of the market
2. Disruption/change in the market
3. Right time to enter the market
Identify a good market to enter

11. 4.
Fake it till you make it

12. 1. You do not always need a MVP in order to validate your idea.
2. Interactive prototype works well
3. Develop MVP with least effort possible
4. Delay complexity
5. Launch early

13. 5.
Go out and
test your idea

14. 1. Define the target audience
2. Start with your network
3. Recognize your ideal customers
4. Feel free to share your idea
5. Asking friends and family is not same as validating your idea
6. Liking your idea is not the same as buying your product
Go out and test your idea

15. 6.
Analyze the data. Repeat.

17. 7.
Sell before you build

18. Helps in:
1. Gaining confidence
2. Winning a real customer who wants a solution to his problem
3. Testing the product
4. Having a deadline in mind
5. The customer leads the development often
Sell before you build

19. 8.
Investment is earned….not given

21. 9.
Have passion & focus

22. 10.
Personal development

23. 1. Create strong online presence
2. Write blog posts
3. Use LinkedIn
4. Know the technology a bit
(if you are a non-technical founder)
1. Know Marketing
2. Learn Analytics
3. Networking / Events
Personal Development

24. 1. Document your idea
2. Gain domain knowledge
3. Identify a good market to enter
4. Create an MVP with least complexity
5. Go out of the building and test your idea
6. Try to get a customer before you start building the product
7. Analyze the results. Iterate.
8. Probably you don’t need funding immediately.
9. Have focus and passion
10.Invest in yourself
Summary

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