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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…

StatsGuru: A look at the country's urbanisation prospects

The inauguration of Andhra Pradesh's new capital city is a valuable time to take stock of India's urbanisation prospects

The inauguration of Andhra Pradesh's new capital city is a valuable time to take stock of India's urbanisation prospects.

A World Bank study of urbanisation in South Asia released last month points out, through Table 1, that South Asia is the least urbanised major world region. However, the Bank's own estimate of urban agglomeration is considerably - almost twice - as high as India's domestic estimate, a point made for all the South Asian countries in Table 2. As Table 3 shows, South Asia is not urbanising as fast as its low urban ratio would suggest, either, well behind East Asia and on a par with sub-Saharan Africa. Nor is South Asia becoming urban at the rate that seems appropriate for its stage of economic development, as Table 4 suggests.

However, South Asia's share of global gross domestic product (GDP) is well below its share of the global urban population, as Table 5 makes clear. This suggests that its cities are under-performing. The worry is that, as Table 6 shows, manufacturing employment has simply failed to grow in the metropolitan core or in suburban towns. In fact, the only real urban job growth has come in the real estate sector.

As Table 7 shows, unorganised manufacturing, once a non-urban phenomenon, has increasingly spread to the cities after liberalisation

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