How to Validate Your Business Idea Properly

Written by spaced

26 April, 2022

My guest this week is Johnathan Sun, founder of Horizan VC. In this episode, he’ll break down the first stages that every founder should not only do to get their business off the ground but validate it properly. He explains how founders can use prototyping to validate their idea quickly and cheaply; how to calculate the right time to raise money and the biggest mistake when it comes to traction. If you’re looking to learn more about validating your idea, when to raise money and how to avoid the biggest startup killer, you’re in the right place. Structure: 0:40 Introduction 0:55 How can you validate your idea? 1:44 How Pretotyping can validate your business idea quickly 3:30 Example of how Johnathan used Pretotyping to validate an idea 5:15 How to find customers 6:00 Why you shouldn’t use Facebook Ads 8:00 In an early-stage startup what counts as a good level of traction 9:33 Mistakes Founders can avoid 15:57 What too early to get money 19:00 Startup Sin Bin 23:40 Startup Hack If you have a question that you would like answered, then email them over to my podcast producer Rosie at Rosie@stakester.com  #startup #businesstips #founder If you want to join us on the show, then fill in the “Pitch to Us” form on the Back Yourself Show website! This is your chance to get your interesting and innovative business in front of a global audience, where you can talk ‘growth and development’ with Tom Fairey: a founder who has been there and done that. Website - http://backyourself.show/

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