I told you I’m spending the month of February blogging through the process of starting a business from scratch.
One of the things I’ve got to figure out is if my idea has any legs.
I think there’s a fancy name for that…it’s called “validating the concept” or something.
Anyway, the premise is…take some time to see if there’s a market for what you’re gonna do before you dump a bunch of time, money and energy into it.
So, let’s say we want to validate our concept. How do we do that?
I’m just gonna be straight with you and say I’m not 100% sure.
How about I tell you what I do know?
Last year I polled a few people to get some feedback about how other families in roughly the same stage of life (youngish kids, growing in their careers, involved in their churches and communities, etc.) felt about their personal finances.
What I found was most of the people I talked to felt stressed out, confused, or frustrated.
The general consensus was everyone knows what they should be doing, it’s just actually doing it that’s really hard.
On Wednesday night I took a deeper dive with a friend. He let me ask any question I wanted about how he gets financial advice, about what his biggest frustrations are, and about his experience handling his family’s money.
The results of our conversation told me that all the stuff I’ve had on my mind about creating a better way for our families to get financial advice and to reach our goals…it has legs.
If you’d be willing to let me ask you a few questions via Skype (or in person if you’re local) just say “I’ll help!” in the comments.