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Starting, Research and Validation

Small Business Ideas and Opportunities

Most owners-to-be don't have an ideas problem. They have a choosing problem. This eBook gives you a five-filter test, a one-week sizing method and a way to pick between two ideas you both like, so you stop polishing a list and start building a business.

Members ebook7 chapters 45 minute read
Chapter 5

The Smallest Testable Version of the Idea

How to put a real version of your idea in front of real customers in two weeks, before committing to a year.


Reading about a market and talking to potential customers will only take you so far. At some point an idea has to leave the desk and meet the world. This chapter teaches you to do that in the smallest possible form: a real version of the offer, in front of real customers, with real money on the table, inside two weeks.

The point is not to launch a business. The point is to learn whether anyone will actually pay. People will say nice things about your idea in conversation. Far fewer will hand over money for it. The gap between those two groups is where most owners-to-be get burnt. The smallest testable version closes that gap before you spend a year of your life on the assumption.

By the end of this chapter you'll have a clear picture of what your smallest testable version looks like for your specific idea, how much it should cost to run, what counts as a pass and what counts as a fail.

The full chapter sets out the four shapes a smallest testable version can take, the price you charge, the way you find the first three customers and what to do with the result whether it works or not.

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