Entrepreneur’s Idea Validation
Joined event by the Founders and Mentors by 12 Ronnies and Business Model Re:public
Most startups fail within 5 years of launch. Research from most data sets shows this failure rate to be above 80%, irrespective of region or industry sector. The single biggest reason for startup failure is ‘no customer/market need’. This is plain negligence by the founders and managers of the startups. There are easy, simple ways to find out if there is a customer need and the best place to start is at the beginning of the journey, the idea stage.
We’re going to discuss what’s wrong with the traditional approach taken by many startups and why a new approach is needed to reduce the high failure rate. We will talk about how to validate ideas before starting a business and how to launch with customers. The talk will touch on the business model, customer profiles and validation experiments and why idea validation is the single most important skill in an entrepreneurs armoury.
6 pm – Welcoming and Intro
6.05 – 6.40 – Simon’s presentation
6.40 – 7.00 – Discussion
If you want to follow up the Q&A after the event, you can use our Telegram group
Our Speaker: SIMON KRYSTMAN
Simon is passionate entrepreneur who has successfully set up and exited a number of businesses in the digital and innovation space over the past thirty years; most recently launching a suite of products for startups and early stage companies. He mentors at a number of universities, business schools and incubators where he specialises in helping founders validate their ideas.