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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…

Narasapuram will be made a solar city: Nirmala

Union Minister for Commerce Nirmala Sitharaman on Sunday said that the town would be developed as a solar city, the second town in the State after Vijayawada. She laid foundation stones for various development projects with an expected outlay of Rs. 1.5 crore at Matsyapuri village. Reiterating that the Centre was taking steps to regulate the spiralling prices of essential commodities, Ms. Nirmala on Sunday said that though the Union government was supplying pulses and onions to the States, the response from the latter had been lukewarm.

On the second day of her tour to West Godavari district, Ms. Sitharaman said that keeping in view of sudden rise of prices of pulses, the Centre had imported different pulse varieties weighting 7,000 metric tonnes and made them available for the States.

“Except for AP, no other State government is evincing interest to get the pulses from the Centre. Same is the case with onions, for which there are no takers even as the Centre is ready to supply them to the States,” she said.

Holding the UPA regime responsible for the price rise, Ms. Sitharaman said that the lopsided priorities of the Congress-led UPA had resulted in the inflation.

“Now, the government is taking all sorts of steps to regulate inflation and bring down the prices of the commodities,” she said.

7,000 metric tonne of pulses have been imported to rein in on the rise in prices, says the union Minister