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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…

Xiaomi to Set up Two Manufacturing Plants in India

Chinese smartphone maker Xiaomi has planned to set up two manufacturing plants in India and the company would be launching more devices in 2016.
The president of Xiaomi has said he would be spending a lot of time in India analysing the market.
"We believe it (China) will be a flat market, if not, even decline," said Bin Lin, co-founder and president at Xiaomi.
"We talked to Foxconn about opening two new factories, they are in discussions with some of the provinces (states)," the 48-year-old former Microsoft and Google executive added.
Headquartered in Beijing, China, Xiaomi is the world's fourth largest smartphone maker. Xiaomi designs, develops, and sells smartphones, mobile apps, and related consumer electronics.

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