Use this template to validate your business idea.

To know more about this read the original post.

Step-by-Step Guide: How to Validate Your Business Idea Now

Product Release Notes | Elena Calvillo | Substack

<aside> <img src="/icons/document_lightgray.svg" alt="/icons/document_lightgray.svg" width="40px" /> Project Name: AirBed&Breakfast

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<aside> <img src="/icons/user-circle-filled_lightgray.svg" alt="/icons/user-circle-filled_lightgray.svg" width="40px" /> Team Leader: Your Name

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¿What opportunity have you found? ¿What problem are you going to solve?

⬥ Start by adding a new opportunity idea. Fill out the Audience and the Pain point you think they may have.

<aside> <img src="/icons/light-bulb_lightgray.svg" alt="/icons/light-bulb_lightgray.svg" width="40px" /> Ideas and Initiatives

Ideas and Initiatives

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¿What are the assumptions?

⬥ Add all the assumptions that occurs to you.

• Will people switch to your solution?
• Is the learning curve hard?
• Are they willing to pay for the service?

<aside> <img src="/icons/thought_lightgray.svg" alt="/icons/thought_lightgray.svg" width="40px" /> Core Assumptions

Core Assumptions

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¿What is the Riskiest Assumption?

⬥ Choose the assumption that your idea can’t live without it and drag it to the Riskiest Assumption column.

⬥ It’s also time to validate our if our assumptions are right or wrong. But how to do that?

⬥ To validate we need 2 things:

• A validation method that can be: user interviews, surveys, statement reports, net promoter score, etc.
• A metric to measure success. This will be the criteria to understand if the experiment was a failure (Invalidated) or a success (Validated).

⬥ Once the experiment is complete click the assumption card and add all the experimentation details in the right properties.

⬥ Move the assumption card to the Invalidated or Validated columns, depending on the result.