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5 Ways to Validate a Business Idea, Right Now

Don't let your day job or lack of capital stop you from finding and testing a business idea. Here's how.
Last year, I embarked upon a personal challenge to validate a business idea in 30 days. To make it even more difficult, it was a random idea chosen by my readers. They asked me to do it without using my existing website, traffic and business connections and without spending more than 20 hours per week on the project. On top of that, I limited myself to spending no more than $500 validating this idea. The experiment was a success.In just two weeks, I built an email list of 565 subscribers without having an actual website. Then, I reached out to a handful of those subscribers and pre-sold 12 copies of a book that didn't even exist yet, all in less than 30 days. I wrote about the experiment in real-time with in-depth weekly updates, successes, failures and lessons learned along the way, right here in my validation challenge. Today, I want to share with you the five most effect…

Dutch Team Keen on Investing in Andhra Pradesh

VIJAYAWADA: A delegation of Dutch industrialists and businessmen headed by Netherlands Ambassador to India Alfonsus Stoelinga on Thursday called on Chief Minister N Chandrababu Naidu and evinced interest in investing in AP.

The delegation, after discussions with the CM, decided to set up a joint working group to devise a road map. Naidu briefed the delegation on various initiatives his government has taken in 10 sectors to attract investments.

The 10 sectors are: Agro-food processing, life sciences, textiles-apparel, electronics, mineral industry, aerospace, energy, leather, petroleum, chemicals, petro-chemicals and automobiles. The chief minister told the delegation that in AP apart from natural and human resources, there was enough land, power supply and connectivity.

The chief minister praised Netherlands for occupying second position in the world in export of agriculture products. If AP laid focus on mechanisation of agriculture, the state could become unbeatable in the sector. He told the delegation that just as in Netherlands, he was promoting inland water transport. 

He told them that the products being manufactured are proposed to be sold through big names like Amazon, Flipcart, Big Basket and Snapdeal. Philips offered to come up with energy saving devices for major industries, commercial complexes and houses.

The chief minister told the representatives of the company that they could form special purpose vehicles with power utilities in the state and work in this direction.

The Netherlands Ambassador praised Naidu for his commitment to take the state forward, an official press release from the chief minister’s office claimed.