If a product or service doesn't solve a customer pain point or doesn't meet market demand, the business will not have what it takes to be valid for the long-term. But what is the best way to validate a business idea? In this episode, Daniel offers the Profit Paradigm Group strategies for hypothesizing, surveying, and creating a beta to determine the product-market fit.

 

This podcast includes how to know when to cut your losses, when to adapt your business, how to eliminate waste when it comes to your time, money, and resources, and on-topic book recommendations.

 

Key Points:

 

• Product Market Fit: For those who are hell-bent on launching ideas. [3:53]

 

• An example of adaptability when a product doesn't fit the market. [5:49]

 

• Creating a beta to determine the product-market fit for your product or service. [22:35]

 

• Tips for validating a business idea. [27:23]

 

• How not to waste your time, money, and energy. [30:46]

 

• Business Book recommendations [34:01]

 

Resources:

 

Anatomy of a $50K Agency (free cheatsheet): alphamentorship.com/50K

 

Follow us on Instagram: @danieldipiazza / @alphamentorship