Idea Validation Framework: Make sure your app idea is a good one!
So you’ve come up with a mobile app idea? However, you wouldn’t be alone if you weren't sure how to get started. That's why I believe it's so important that you work to validate your idea using an Idea Validation Framework.
Unfortunately far too many entrepreneurs have an idea and just dive straight in. They have no idea whether the idea is good or bad from anyone else’s perspective. They definitely don’t know whether the market is primed for such an idea. Most also have no clue about running a tech business, let alone the process of developing a mobile application. All in all, it’s usually a recipe for disaster.
It won’t take you long to research some pretty famous failed startups. However, so many more get absolutely no press. These startups fail because they are usually underfunded and/or the founders have not put together a sound business strategy. Both these problems usually emanate from the fact that there was little to no idea validation done prior to jumping in. From there is often becomes a matter of throwing good money after bad, desperately hoping the app will make some sort of return on the investment.
A. Idea Validation for App Concepts
Because so many app ideas fail, Idea validation has become particularly important for those in the software and app industries.
So how do you validate an idea for an app concept? Essentially you need to collect all the necessary information to ensure an app idea is worth proceeding with.
The goal of an Idea Validation Framework is to give you all the steps necessary to collect and evaluate this information before you invest significant amounts of time or money on your idea!
By following these steps, you mitigate the risks involved in creating a tech startup. I can you from experience that it’s much better to move forward with an idea where you have a high level of confidence and the correct foundations for a sound business strategy. On the flip side, it's much better to know that there isn’t a real-world need for what you are trying to sell BEFORE you end up building it.
Developing a mobile app is a lot like building a house and Idea validation is the process of…