How validated is your idea?

Twenty checkpoints every African founder should hit before spending money on building. Tick the ones you've done.

0 of 20 checked

Problem

I can describe the problem in one sentenceI've spoken to at least ten potential customers about it (not friends or family)At least seven of those ten confirmed it's a real, painful problemI've seen people spend money, time or effort on workaroundsI can explain why this problem will grow over the next five years

Customer

I can describe my customer precisely enough to find ten of them todayI know where my customer spends time, online and offlineI know how my customer pays for things (cash, mobile money, EFT, card)I've mapped my customer's current workaround step by stepI understand what this problem costs my customer, in money and in stress

Solution

I can explain what my solution does in one sentenceI could deliver a first version by hand within two weeksI've tested my price with real potential customersAt least three people have said they'd pay for this specific solutionI know what makes my approach different from what already exists

Readiness

I've studied at least three competitors or alternatives, including informal onesI've checked the basic regulations for this type of businessI have, or can get, the skills to deliver the first versionI can commit at least ten hours a week for the next eight weeksI can last three months without income from this idea

Build What Works.

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Entrepreneur Genie is a trading name of Nombewu Solutions (Pty) Ltd, registration number 2016/181728/07, the Emergent Group holding company.