How to Validate Your Business Idea

In this episode, Trevor Fenner dives deep into the crucial steps of validating a business idea. Drawing from his own entrepreneurial journey, which began with an online dropshipping business in 2010, Trevor shares practical insights on how to ensure your business idea is viable before you invest heavily.

Trevor discusses the importance of researching your competition, understanding your target audience, and defining the problem your business aims to solve. He also emphasizes the need for developing a minimum viable product (MVP) and pre-selling it to gauge market interest.

Additionally, Trevor covers the essentials of calculating startup costs, using social media and online advertising for validation, networking with industry experts, and being prepared to pivot based on feedback. This episode is a must-listen for aspiring entrepreneurs looking to validate their business ideas effectively.