Question: Explain what the validation stage is and why it is a critical component of starting a business. Make sure you provide a strong justification for

Explain what the validation stage is and why it is a critical component of starting a business. Make sure you provide a strong justification for your perspective. Once you've provided your point of view, give an example of a business idea and how you would go about validating the idea before building the business. What would you do and why? 

Step by Step Solution

3.33 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The validation stage in starting a business involves testing your ideas viability and confirming its potential for success before investing significan... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!