: Create the simplest possible version of your product to test the core concept with real users. Phase 2: Planning and Legal Setup
Before spending money, you need to ensure your idea solves a real problem for a specific group of people. : Create the simplest possible version of your
: Define exactly who will benefit from your solution. : Create the simplest possible version of your
: Look for everyday struggles or unmet needs. Ask yourself: "What problem am I solving?". : Create the simplest possible version of your
: Use surveys, interviews, and competitor analysis to see if there is actual demand.
Starting a new venture can feel overwhelming, but breaking it down into manageable phases makes the process much more approachable. This guide focuses on starting a business or startup, based on common expert frameworks. Phase 1: Ideation and Validation