A Better Tech Issue #7

It's been a long time since I wrote the newsletter. However, during this period, I wrote a comprehensive step-by-step instructional guide that you can follow to generate ideas, perform competitive analysis and validate it with potential customers.

I have used the same steps to help dozens of clients build market-leading products and shared them with my workshop and boot camp attendees.

Idea Generation and Validation: A Step-by-Step Guide

Here’s a summary of the key insights and steps mentioned in the guide:

• The guide emphasises the importance of finding unique business ideas to set you apart from the competition.
• It suggests using Warren Buffet’s “25X5 Rule” to prioritise ideas and focus on the most important ones.
• The guide encourages seeking feedback from friends or potential customers to gauge interest and investment potential in your ideas.

Steps for Idea Generation and Validation:

1. Find out the business idea to launch:?Begin by making an inventory of your skills and experiences or understanding your customer’s needs.
2. Use the 25X5 rule:?Write down 25 things you are excited about, rank them, and select the top five.
3. Conduct Competitive Analysis: It will help you define your competitive edge.
4. Seek feedback:?Share the top five ideas with friends and ask which one they would invest in or buy.
5. Shortlist the best idea:?Choose the idea with the most positive responses and investment potential.

The guide is designed to help entrepreneurs take the first step towards generating and validating ideas to build a successful product

I will soon start posting the newsletter regularly.

Best always,

Ishwar Jha