The first step in starting any successful business is to come up with a great idea. But simply having an idea is not enough - you also need to make sure that there is a market for your product or service. This is where the idea and market validation comes in. Idea validation is the process of testing your idea to see if it is feasible and sustainable. This involves undertaking market research, speaking to potential customers, and understanding the needs of your target market. Market validation, on the other hand, is all about verifying that there is indeed a demand for your idea.
Lean validation board template
The lean validation board is a tool that can be used to validate both ideas and markets. To validate an idea, the board can be used to assess the need for the idea, the feasibility of the idea, and the potential return on investment. To validate a market, the board can be used to assess the size of the market, the growth potential of the market, and the competition. By using a lean validation board, businesses can save time and money by quickly testing whether an idea or market is worth pursuing.