Technology Product Proof Points Checklist for Starting a Business

Before starting a business, you should complete a checklist of proof points to boost your chances of success. Begin by answering key questions: who is your market, who is your target audience, will they buy your product, and is it easy to use? For a tech startup, such as one offering an API for AI technologies.
Make sure your product meets market needs, identify your primary customer, and analyze competitors to ensure your product stands out. Your unique value proposition should be clear and compelling. Conduct market research to validate trends and consumer needs.
Make sure your technology is feasible and create a minimal viable product (MVP) quickly to start testing. Gather user feedback through prototyping and testing, and ensure your product can scale. Talk to potential customers to validate demand and gather early adopter feedback.
Financial projections: know your costs, break-even point, pricing strategy, and how much capital you need. This full validation process, from technical feasibility to financial planning, will help with launching a successful business.