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--- idea-valuation [2024/10/22 21:39] – Ihab Ahmed
+++ idea-valuation [2024/10/22 21:50] (current) – [How to Validate] Ihab Ahmed
@@ Line 47: / Line 47: @@
 ===== How to Validate =====
-Validating your startup idea is important before you start building. Here are six simple methods to make sure your idea fits market needs:
+Here are six simple methods to make sure your idea fits market needs (Gold, 2023):
-  * Harvard Business School Method: Set clear goals, check market size, see if people are searching for your product online, talk to potential customers, and test your idea.
+  * [[https://online.hbs.edu/blog/post/market-validation|Harvard Business School Method]] Set clear goals, check market size, see if people are searching for your product online, talk to potential customers, and test your idea.
-  * Lean Method: Write down your product idea and assumptions, test them quickly with customers, and use their feedback to improve your offering.
+  * [[https://www.productplan.com/blog/lean-market-validation-10-ways-rapidly-test-startup-idea|Lean Method]] Write down your product idea and assumptions, test them quickly with customers, and use their feedback to improve your offering.
-  * Startup Grind Method: Identify the problem you want to solve, make sure it's a big concern for customers, look into current solutions, and confirm that customers would pay for yours.
+  * [[https://www.startupgrind.com/blog/the-startup-framework-to-validate-your-idea-before-you-spend-1|Startup Grind Method]] Identify the problem you want to solve, make sure it's a big concern for customers, look into current solutions, and confirm that customers would pay for yours.
-  * Arnab Ray’s Framework: Analyze your idea’s strengths, weaknesses, and risks to understand its potential.
+=====  =====
-  * Failory 4-Step Framework: Set goals for pre-sales, create a basic version of your product, test interest through pre-sales, and evaluate the results to decide what to do next.
+  * [[https://arnab.co/idea-validator/index.php|Arnab Ray’s Framework]] Analyze your idea’s strengths, weaknesses, and risks to understand its potential.
-  * SPD Load’s Method: Define the problem and customer clearly, set goals for validation, create a strong value proposition, test with a basic version or landing page, and gather feedback to improve.
+  * [[https://www.failory.com/blog/how-to-validate-startup-ideas|Failory 4-Step Framework]] Set goals for pre-sales, create a basic version of your product, test interest through pre-sales, and evaluate the results to decide what to do next.
+  * [[https://spdload.com/blog/idea-validation|SPD Load’s Method]] Define the problem and customer clearly, set goals for validation, create a strong value proposition, test with a basic version or landing page, and gather feedback to improve.
 ===== Next Steps =====
@@ Line 66: / Line 68: @@
 Finally, refine your pitch so that your valuation is supported by real evidence and a strong story.
+**References**
+- Gold, S. (2023, March 19). How to validate your startup idea: 6 methods explained. [[https://openvc.app/blog/how-to-validate-your-startup-idea-6-methods-explained|OpenVC]].