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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…

Andhra Pradesh CM rolls out red carpet to Franklin Templeton

The global investment firm sets sights on Vizag
Franklin Templeton has plans to launch its operations in Visakhapatnam in case the State government provides land facing the seashore.
Franklin Templeton President and COO Jennifer Johnson informed this to Chief Minister N. Chandrababu Naidu, who called on her in California on Tuesday. She also enquired about the availability of high-end talent in AP, telecom carrier capacity, broadband connectivity and cloud infrastructure, etc.

Mr. Naidu assured her that the State government would provide land, water and power etc. to start a campus. The government was providing fiber connectivity to every house. To provide Internet services to the remotest villages, the government was working with Google X. An ecosystem was being developed in Visakhapatnam for Fintech, data analytics and processing, he said.

As far as manpower was concerned, Mr. Naidu said Franklin Templeton need not have any apprehensions. Out of every four IT professionals in the world, one was an Indian. Also out of every four Indians, one was from A.P.. Franklin Templeton could start off its operations without a second thought, he said.

“Franklin Templeton has to take the lead in setting up the campus in AP. The other companies will follow suit,” he said. In response to it, Ms. Jennifer said she needed to convince her board that high-end talent in Artificial Intelligence, data analytics and processing was available in Vishakhapatnam. She also indicated that Franklin Templeton was ready for expansion and that they would make a decision on the location soon. The Chief Minister also met Dean of Stanford University School of Medicine, Dr. Lloyd B. Minor, during the day.

During the interaction, Mr. Naidu said that he had always admired Stanford for its academic excellence and this prompted him to encourage his son to pursue higher studies there. “In fact, my daughter-in-law is also from Stanford and I claim that I am a member of the Stanford family by association,” he said.

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