One item that you hear over and over again when you start a business. Is that you must validate your idea. You must prove that you have product market fit for your idea or you will just be wasting your time. The build it and they will buy usually does not work. Building a business is not like the "Field of Dreams".
I believe I have a great idea and that I can add value by providing HR to Founders, new business owners and companies with less than 50 employees. But first I have to prove that people would be interested in this concept and more importantly willing to pay.
To begin the process of figuring this out. I reached out to various Founders, people who are involved with Startups, small business people and various other people. I started this process about a year ago to see what kind of feedback I would receive.
One thing that I failed to do is to keep track of all the people I talked to about my business idea. That would of been helpful to me in the future. But we all learn from our mistakes. I did receive lots of helpful and useful information from everyone I talked to about my idea. There were plenty of items I did not think about before talking to everyone.
Below is the breakdown of the responses.
I am not sure what sample size you should use prior to continuing on with your business idea. But I am confident that based on the above. I have enough positive feedback to move on to the next steps of building a business.
cavnessHR delivers HR to companies with less than 50 employees while transforming the HR outsourcing industry.
Be Great Every Day!