Using Kickstarter to Validate Your Business Idea

Using Kickstarter to Validate Your Business Idea

Assessment

Interactive Video

Business

Professional Development

Hard

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The video discusses the importance of validating a business idea before launching. It suggests using Kickstarter as a tool to test market interest and avoid common entrepreneurial mistakes, such as failing to conduct thorough market research. Financial backing from potential customers is highlighted as a key indicator of interest. The video concludes with advice to use Kickstarter to validate business ideas before investing personal funds.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the first validation step mentioned for entrepreneurs?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Why do most entrepreneurs struggle and fail in their first 12 months?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How can you validate the interest in your business idea?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What should entrepreneurs do before spending their own money?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does Kickstarter play in the entrepreneurial process?

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OFF