This episode is all about how to validate a business idea (AKA business model validation).
In this episode, Jake talks through how he went through the process of testing business ideas to determine if the idea would be viable BEFORE launching the business. This is the truest form of validating a business idea. This is the process of business model validation.
This comes from real world practice, on Jake’s third attempt at starting a business. This is a learned process from real world business experience learning how to validate a business idea.
This is a continuation of The Online Business Case Study (Season 1) where Jake is documenting his business selling study material (online courses) in the insurance industry.
In this episode about business model validation, Jake goes behind the scenes to show how he determined the viability of his business idea through a two-step process:
1) Talk to your target market to determine the pain point.
2) Conduct a market size analysis.
Additionally, in this episode, Jake has provided criteria that you can use to go through the process of testing business ideas. This is a step-by-step case study showing you how to validate a business idea.
Copy This Business
Go to theentrepreneurridealong.com/exam to access the mini-course for step-by-step instructions to replicate this business.
Resources
Resources mentioned in this podcast series:
SEASON ONE:INTRODUCTION ALL EPISODESPODCASTMINI-COURSEIn this episode…Welcome to season one of the Online Business Case Study! Presented by Jake Lang and The Entrepreneur Ride Along, the Online Business Case Study is a multi-part case study of a real online business. This case study goes behind the scenes showing all of the good, the bad, the process, and
Read MoreSEASON ONE: EPISODE ONE – BUSINESS IDEA ALL EPISODESPODCASTMINI-COURSEIn this episode…This episode is all about online business ideas. In particular, how Jake stumbled across this idea in his third attempt to start an online business. It ended up being the perfect B2B business idea. In Jake’s business AssociatePI, the business he is documenting for Season One
Read MoreSEASON ONE: EPISODE TWO – VALIDATION ALL EPISODESPODCASTMINI-COURSEIn this episode…This episode is all about how to validate a business idea (AKA business model validation). In this episode, Jake talks through how he went through the process of testing business ideas to determine if the idea would be viable BEFORE launching the business. This is the truest
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