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October 2, 2024 @ 3:00 pm - 3:30 pm
This virtual webinar is part of the Philly Tech Entrepreneurs (PTE) series, featuring Dave Schneider, the organizer of PTE and CEO of Shortlist.io (Digital Marketing Agency).
In this 30-minute webinar, we will explore how to assess the validity of a startup idea and avoid building something that lacks market demand. Dave will walk you through a systematic 5-step process designed to minimize failure by testing the idea before committing too many resources.
In this webinar, we’ll discuss the following key steps:
- Clearly defining the problem, solution, target market, and business model – If you can’t do this, it’s time to stop.
- Researching existing solutions – If there are 5 or more competing solutions, you may want to reconsider.
- Differentiating from competitors – If you can’t explain how your approach is unique, stop.
- Defining the MVP – A Minimum Viable Product that can be built within 1-4 weeks is crucial.
- Validating with your target market – Get buy-in from potential users to ensure you’re building something people want.
Throughout the process, we’ll learn how to prioritize ideas that have the highest chances of success while reducing risk by focusing on market needs and validation.
If you’re an entrepreneur or aspiring founder looking to refine your idea before jumping in, this webinar will provide the insights and tools you need.