Ideas are cheap.
As entrepreneurs, we’ve got a constant flow of ‘em. They’re new. They’re innovative. And any one of them might be the next “big” thing.
We love to brainstorm. It’s in our DNA. But simply having ideas doesn’t make us entrepreneurs. In fact, ideas without action are usually called “dreams”.
Deciding which ideas to pull from the pile and dedicate resources toward is tough. As Eric Ries’ Lean Startup movement has spread, “ferocious customer-centric rapid iteration” has become the mantra of the majority of this year’s web startups. But, how do you start testing and validating an idea? Do you have to build a minimum viable product (MVP) or prototype? What’s the cost of creating and testing an MVP for your idea?
To read the full, original article click on this link: How to determine if your idea is worth the effort | VentureBeat
Author: Mike Courtney
