Unfortunately, almost 90% of startup businesses fail, and the patent office is filled with failed inventions. Why? Because most inventors and entrepreneurs don’t complete an honest Idea Validation which leads them to spend thousands of dollars. Inventors and business people fall in love with their concept, and not evaluate if there are a market and need for it. We don’t want you to be one of that 90%—we want you to be in the 10%! To succeed and invest your hard-earned money wisely, you must really evaluate if your idea has a market, solves a problem, and can benefit a target audience.
We want you to succeed, so nailing down the validity of the concept you are going to go all-in with is crucial. We will teach you how to ask the proper questions, such as:
“Is this problem worth solving?”
“Is my solution worthwhile?”
“Is my market in need of this solution?”
“What does my competition look like?”
We give you examples of businesses that did these steps right and who didn’t do the proper evaluation and why they failed.
Evaluating your idea is useful for your own understanding, and it can be beneficial if you decide to look into investors for your business later. Having information on your product benefits, target market, industry data, and go to market plan will make investors more likely to trust you and commit.
This course will include our carefully crafted "Idea Validation" quiz which will tell you if your idea is worth pursuing or if you need to go back to the drawing board.
The Entrepreneur Project was founded by a millionaire entrepreneur who has experienced first-hand, all of the challenges of turning an idea into a reality. He has experienced all of the hardships that come with inventing a product or starting a business and he has a whole host of knowledge that we are now able to share with you today. We know you will walk away from this course knowing what steps to take next in your entrepreneurial journey.
