Skip to main content

Kacharagadla Featured Article

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…

The 4 Personality Types of Successful Entrepreneurs

Princeton University lecturers John Danner and Chris Kuenne explain what it takes to be an entrepreneur.
Every wonder if there was one type of entrepreneur who is the most successful? I have.
So when two Princeton University lecturers came to the Greatness Studio to talk about their new book (about personality types of entrepreneurs), I had to ask.
And they told me no, there’s not one. In fact, they’ve identified four successful entrepreneur types, and according to their research, each is equally effective -- but for different reasons.
Of course I had to know more, and both John Danner and Chris Kuenne fascinated me with their explanations of these personality types.
They identified which one I am right away and gave me great coaching on how I can improve my business strategy.
They pointed out that it’s not enough to know your strengths in business -- you need to act on that knowledge, hire people who compliment you in those areas and build your team wisely.
We talked about how to find the right co-founder (based on your personality and theirs), how and when to bring in investors to your business and of course, the things to look for in new hires.
I loved this conversation so much I wanted to bring them back on to discuss more.
This is the first of two episodes this week with top business professors coming on the School of Greatness.
Class is in session in Episode 517.

Comments