What is the initial step in validating a business idea according to the video?
Using Kickstarter to Validate Your Business Idea

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Business
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Professional Development
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Launching a Kickstarter campaign
Talking to friends and family
Creating a business plan
Conducting a survey
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do most entrepreneurs fail in their first year?
Insufficient market research
Inadequate product development
Lack of funding
Poor marketing strategies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common mistake entrepreneurs make when seeking validation?
Listening to friends and family
Relying on market analysis
Overestimating their budget
Ignoring customer feedback
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What indicates genuine interest in your business idea?
Positive feedback from friends
Financial support from backers
High social media engagement
A large number of website visits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Before spending personal money, what should entrepreneurs do?
Develop a prototype
Secure a business loan
Validate their idea on Kickstarter
Hire a marketing team
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