Test your business idea
Maybe you’re new to business and have the beginnings of an idea. Or you’re an experienced operator looking to explore a new product or service. Before you invest a lot of time and money into any new venture, it’s helpful to test your idea first.
Read the full article here - https://www.business.govt.nz/news/test-your-business-idea/
You don’t have to go it alone. There are different kinds of support and programmes that can help you through the process of testing your business idea.
The Regional Business Partner Network has offices throughout the country. Their business advisors can chat with you about your current situation and connect you with the right people and information, at the right time. You can start by registering on their website and they’ll get in contact with you within 48 hours.
Advisors that specialise in one field, like an accountant or lawyer, can fill significant gaps you may have in skills, time and resources. An accountant can help you determine if your idea is financially viable. A lawyer can cover any legal aspects that you need to be aware of.
If you’re looking to connect with other businesses, you might look into co-working spaces. Co-working spaces are popping up all over the country. Shared working spaces can offer a sense of community, especially if you’re working from home. They also present opportunities to collaborate with and learn from other businesses.
An accelerator, start-up or incubator programme might be a good option if you’re looking to test and iterate quickly in a supported environment. A programme is also a great way to connect to the wider community of entrepreneurs and mentors.
Organisations, like Auckland-based incubator ecentre, offer virtual and in-person programmes. They provide businesses with tools and methods to validate ideas at an early stage. They also have coaches to guide and support businesses through the testing process.
Programmes (external link) — ecentre
FULL ARTICLE - https://www.business.govt.nz/news/test-your-business-idea/