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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…

US lauds India's commitment to climate and clean energy

Acknowledging a major positive shift in the trajectory of US-India relations, US officials have appreciated India's efforts to promote new and renewable energy sources and India's commitment towards the climate and clean energy.
Both sides also committed to explore new opportunities for co-operation during a meeting here on Tuesday between visiting Indian Minister of State of Power, Coal and New and Renewable Energy Piyush Goyal and US Secretary of State John Kerry.
He will meet other prominent members of the US administration, including US Energy Secretary Ernest Moniz, US Trade Representative Michael Froman and Nancy Pelosi, House Democratic leader.
Goyal will also meet major energy sector investors to showcase business opportunities in India and India's tangible progress in the doing business environment, according to the Indian embassy.
Goyal is here on an invitation from Kerry to participate in the Climate and Clean Energy Investment Forum 2015 hosted jointly by the US Department of State, Georgetown University and Google.
During the session on 'Unlocking Investment in Developing Countries' Goyal elaborated on the government-led efforts to reduce barriers to financing for clean energy projects in India, as well as India's policy and regulatory support for its clean energy goals.
Goyal emphasised the need for long term low cost funding to keep energy cost affordable considering the development imperatives of India's fast growing economy.
He highlighted India's huge capital investment requirements estimated at around $250 billion over the next five to six years to meet its renewable energy goals. The role of developed countries in this regard was also underlined.
Goyal emphasised the Indian government's plans to reliably meet the demand for energy in all sectors including the needs of vulnerable households, in all parts of the country in a technically efficient, economically viable and environmentally sustainable manner.
He underlined India's commitment to pursuing a green path to growth through its plans for deployment of 175 GW of renewable power capacity by 2022, including 100 GW of solar and 60 GW of wind power.
Goyal said that in order to sustain the process of environment friendly economic development in the long run, development of new and renewable sources of energy acquires utmost importance for India.
India's renewable energy potential is vast and holds a great promise. It provides ample opportunities for trade and investment to set up manufacturing, leapfrog technologies and create volumes.
Goyal reaffirmed the Indian government's commitment to take all necessary steps to create a conducive environment for promoting investment in the renewable energy sector and strengthening the regulatory and institutional framework.
He asked foreign investors, developers and manufacturers to be a partner in India's renewable energy story and drew attention to the Make in India programme for investing and manufacturing in India, which would in the long run be essential to remain competitive in the market.