Validating your business idea is a vital step to ensure it has real potential before investing time and money. Start by identifying a specific problem your product or service solves and who your target audience is. Conduct market research through surveys, interviews, or competitor analysis to understand demand and customer pain points. Create a simple version of your product—known as a minimum viable product (MVP)—to test with early users and gather feedback. Monitor their responses, engagement, and willingness to pay. Use this data to refine your idea. Also, assess market trends, potential profitability, and scalability. A well-validated idea reduces risks and increases your chances of building a successful, sustainable business that meets real customer needs.
https://www.business2sell.com.au/blogs/strategy/how-to-validate-your-business-idea-for-success