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For a new enterprise, what is better to confirm first?

Answer and explanation

Correct answer: The problem is real and people want a solution

Before investing heavily, an entrepreneur should validate that a real customer problem exists and that people consider a proposed solution useful enough to seek or pay for it. This reduces the chance of building an unwanted product. A popular name or large shop cannot prove demand, and profit never comes without appropriate effort, resources, and execution.

Related tags

Problem-ValidationCustomer-DemandEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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