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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…

IGD Fall Frontier 100 Forum: African Business in the World-Class Space

Every year, IGD convenes top African and global CEOs and senior executives for the Frontier 100 Forum. The Forum provides a platform for participants to discuss business and investment in Africa, particularly focusing on how the power of business can be harnessed to promote inclusive growth. This fall, the Forum will be in Washington D .C from Oct. 19-21, 2015.
Africa is a continent on the move. This Fall Frontier 100 Forum celebrates the dynamism and growing importance of African business — not only on the continent — but also in the global sphere. The rising influence of homegrown African businesses in the global economy reflects the changing realities on the ground. In 2014, Africa accounted for 9 of the world’s 15 fastest-growing economies. Some 26 of Africa’s 54 countries have achieved middle-income status in a short period of time. This rapid progress and growth have ignited a greater interest in Africa as an investment destination, as increased foreign direct investment and multinational corporations expand across the continent.

Today, African businesses are emerging as the drivers of growth on the continent. These born and bred African businesses now create more than 80 percent of jobs in their countries. Localentrepreneurship is on the rise and has become an avenue for gainful employment on the continent. Like many emerging economies around the world, African countries still face challenges to fostering strong business environments. The lack of regulatory environments, skilled workforce, and access to finance often make it difficult for many SMEs to flourish. Yet, a growing number of African business leaders are overcoming these bottlenecks to build some of the fastest-growing companies through creative, innovative approaches, leveraging technology, and sheer ingenuity to succeed. Their success on the continent, and in the global economy, challenges the common misconceptions evoked when discussing Africa’s business landscape.


Recognizing the significance of African businesses, the Forum’s theme is “African Business in the World-Class Space”. Panel discussions will highlight successful African companies and delve into how more African companies can become competitive in the global economy. Participants will explore the continent’s ever-changing business landscape, looking at new business trends such as leapfrogging technological advancements. Other session topics include investment from both African companies and foreign investor’s perspectives.

The Forum is an invitation-only event, held biannually, one in Africa and the other in the U.S. It brings top African and international CEOs and senior executives together to discuss issues on the continent and how business can tackle these problems. Previous Forums have focused on issues such as standardized power purchase agreements, logistics and transportation, and shared value business models.
Mark your calendars for October 19-21 when participants will convene in Washington D.C. Join the conversation by following #Frontier100 on social media. Also check the Forum website and theIGD Blog for updates on the event. Registration is now open until September 25th. Contact Thyra Nast for more information
  • Learn more about Frontier 100 Forum
  • More on joining the IGD’s Frontier Leader Network to receive invitation to the Forum

African Business in the World-Class Space - Frontier 100 in DC

The Frontier 100 Forum convenes in Washington, DC this week to strategize on how to strengthen Africa's private sector development to spur innovation, job creation, and global competitiveness. The forum is sponsored by the Initiative for Global Development's (IGD), a U.S.-based organization that engages business leaders from the U.S., Africa and other regions in creating growth and alleviating poverty in Africa through strategic, successful business investment. Under the theme, 'African Business in the World-Class Space', the forum will celebrate the dynamism and importance of African businesses.

read more @ allafrica