100 days test for your business idea

100 days test for your business idea

What is an entrepreneur without his or her idea? Among the several issues that an entrepreneur faces, the biggest challenge is to bring the idea to shape. So what does a person do once he has got an idea?

1. Write it down:
An idea in your mind is a baby inside the mother’s womb. Nobody can touch it and understand its beauty unless it comes out. You need to nurture the idea like your baby — give it time and care to let it take a good shape. Make sure you write it down, and limit the document to one-two pages instead of 100 pages of detailed business plans.

2. Meet the customers: Spending time with customers, observing their lifestyles, and generating insights from that is a key entrepreneurial trait. Once you get an idea, take it out in whatever shape and size to potential customers — let them play around with the prototype, give their feedback, speak good or bad things about what you are showcasing.

3. Take it to competitors: The best people to tell you if things work or not, are your competitors and you will be surprised to know how open people are to share their insights. Whether it is ego or humility, people are happy to treat newcomers with respect and share important inputs.

4. Find a team member: If you can get one-two people to partner with you in your venture for taking your idea forward, you can beat the world. The first few partners and team members make a company great. Examples of Google, Facebook and Microsoft — all of them had great co-founders who came together and stuck around.

5. Look for a mentor: Mentoring is like a Krishna-Arjun relationship — Krishna mentors Arjun in Mahabharata and we all know what the results were. It will be good for you to take your idea to mentors and seek their guidance. They will also help you expand or modify ideas based on market requirements, without changing the core offering.

So if you have an idea, which you have been nurturing about for the last few years, take the 100-day test and bring it to life.

This Article is published in: http://expressbuzz.com/education/100-days-test-for-your-business-idea/303675.html

About the Author

Amit Grover, founder of AHAtaxis.com, is an IIT Delhi and IIM Indore alumnus, having more than 12 years of industry experience. He started Nurture Talent Academy, and earlier worked with Infosys, Asian Paints, Onida and Mumbai Angels. He regularly blogs on www.amitgrover.co.in. AHA Taxis, his recent venture, offers one way outstation travel across India.

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