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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…

India takes U.S. renewable energy dispute to the WTO

People talk outside the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland, June 3, 2016. REUTERS/Denis Balibouse
India has complained to the World Trade Organization about support given to the renewable energy industry in eight U.S. states, the WTO said in a statement on Monday.

The complaint alleges the states of Washington, California, Montana, Massachusetts, Connecticut, Michigan, Delaware and Minnesota prop up their renewables sector with illegal subsidies and domestic content requirements - an obligation to buy local goods rather than imports.

The WTO statement did not give details of the complaint and there was no immediate comment from India's trade ministry. But India has voiced concerns in the past about U.S. support for its solar power industry.

The race to build national solar capacity and grab a chunk of a new global market has become a major new cause of trade friction between big trading powers. India lost a case at the WTO earlier this year after the United States complained about New Delhi's national solar program.

India has appealed that ruling.
In 2013, India filed questions at the WTO about suspected subsidies in solar programs in four U.S. states - Delaware, Minnesota, Massachusetts and Connecticut - as well as local content requirements in Michigan and California's renewable energy programs.

It was not immediately clear that Monday's complaint was on the same grounds as India's earlier questions.

By filing the complaint, India has triggered a 60-day window for the United States to settle the dispute, after which India could ask the WTO to adjudicate.

(Reporting by Tom Miles; Editing by Brenna Hughes Neghaiwi and Hugh Lawson)
 reuters

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