Bootstrapping Your Business
Bootstrapping your business requires a significant amount of creativity and resourcefulness to make the most out of limited resources. Those who do it well will thrive regardless of outside investment.
Turning your business idea into a reality is an exciting prospect, but before you invest time and money into it, you need to validate it. The validation phase is a crucial step in the six-step startup process, where you test your business idea with your target audience to determine whether it is viable.
This phase involves conducting market research, creating a minimum viable product (MVP), and getting feedback from potential customers.
Each of these articles will delve deeper into the validation phase, discussing its importance and providing you with tips and strategies to help you validate your business idea successfully.
Bootstrapping your business requires a significant amount of creativity and resourcefulness to make the most out of limited resources. Those who do it well will thrive regardless of outside investment.
By conducting market research, I was able to pivot my business model and create a platform that met the real needs of my target audience.
There are several strategies for conducting validation, including market research, creating a minimum viable product, and pilot testing.