How do you find out if your idea is a business opportunity? Learn methods and processes to validate your idea and generate sales before spending time or money.
Learn methods and processes to validate your idea and generate sales before spending time or money.
This webinar is to support entrepreneurs who are just starting to launch their ideas or business owners who want to continue innovating and growing. If you are working with limited time and money and have an ambitious and innovative idea, this event is for you!
This presentation covers:
- Multi-step process to find out if your idea is a business opportunity
- Process to go from understanding potential customers to testing your idea
- How to define your unique value and selling propositions
- How to estimate your market and forecast revenues
Presented by:
Vigen Nazarian | President, NuBinary Ventures
How to Validate your Business Idea | Chapters:
- 00:00 – MBEC Introduction
- 08:35 – How to Validate your Idea – Overview
- 12:30 – The Process – 10 Steps
- 14:50 – 1) The Problem
- 17:00 – 2) Existing Solutions
- 17:55 – 3) Proposed Solution
- 21:55 – 4) Target Customers
- 24:13 – 5) Unique Value
- 25:51 – 6) Barrier to Entry
- 29:50 – 7) Freedom to Operate (FTO)
- 32:53 – 8) Market & the Competition
- 36:25 – 9) What resources do you need to test & scale your idea
- 38:32 – 10) Money
- 42:50 – The Business Plan
- 44:40 – Educational Resources
- 45:45 – Key Takeaways & Guiding Questions
- 47:21 – Q&A
RESOURCES
- How to Validate your Business Idea – PRESENTATION Download – PDF
- For information about the MBEC Business Advisory Services, visit >
This webinar was hosted by the The Mississauga Business Entrepreneur Centre (MBEC), City of Mississauga
