Skip to main content

Kacharagadla Featured Article

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…

Mobile hub set to create new industrial ecosystem

A file photo of Prime Minister Narendra Modi interacting with the workers of Shri Venkateswara Mobile & Electronics Manufacturing Hub during his recent visit inTirupati. Chief Minister N. Chandrababu is seen.Photo: PTI
A file photo of Prime Minister Narendra Modi interacting with the workers of Shri Venkateswara Mobile & Electronics Manufacturing Hub during his recent visit inTirupati. Chief Minister N. Chandrababu is seen.

‘Employment-intensive units likely to generate 8,000 to 10,000 jobs for the local youth’. The local economy is all set to get a shot in the arm with the establishment of ancillary units and supporting facilities here.

A new industrial ecosystem centred on mobile and electronics industry is shaping up near Tirupati, which is all set to generate thousands of jobs for the local youth.

‘Sri Venkateswara Mobile and Electronics Manufacturing Hub’ is the new industrial landmark near Renigunta airport on the city outskirts, for which Prime Minister Narendra Modi laid the foundation stone recently.

For the first time in the country, four Indian mobile manufacturing companies viz., Micromax, Celkon, Karbonn and Lava, have come forward to set up manufacturing and assembling units in a single location at the facility spread over 50-60 acres.

“It is a dream come true. The employment-intensive units are expected to generate 8,000 to 10,000 jobs for the local youth”, says Chittoor Collector Siddharth Jain.

The local economy is all set to get a shot in the arm with the establishment of ancillary units and supporting facilities here.
Chittoor district has already reached out to the ‘Make in India’ call as reputed companies like Xiaomi, Gionee and Foxconn have a base in Sri City.

“We will take forward the ‘Make in Chittoor’ call, as far as electronics industry is concerned”, Mr. Jain adds. The area is set to gain a lot, as the Indian Institute of Technology (IIT), Indian Institute of Science Education and Research (IISER) and Indian Culinary Institute are some of the prestigious national institutes coming up in the vicinity, which help in knowledge sharing and manpower sourcing, thus providing effective forward and backward linkages.

While tourism, spiritualism and hospitality are the areas that the temple city currently thrives on, the arrival of the mobile companies is set to create a new industrial ecosystem and usher in a refreshingly new form of employment.

Comments