#117 Grant Butteriss | How to Test Your Business idea Before Taking the Leap

Ask us a question or suggest a topic 🤙So you've got a business idea, how do you know if it's good enough to take the leap? In this episode you'll learn a specific process for answering that question. Repeat founder Grant Butteriss shares one of the most valuable lessons he ever got in business (and the cost). Then, he shares a simple framework you can use to stress test your idea before taking the big bet. If you've ever wanted to do your own thing, but don't know where to start - this episode is for you. Also in this ep: 01:30 Introducing Grant and His Background03:08 Grant's Journey in Business04:57 Challenges and Strategies in Business Growth06:58 The Reform Story19:19 Lessons from Business Failures30:13 Validating Business Ideas40:37 The Importance of Targeting Specific Groups42:17 The Role of Connections in Problem Solving45:12 Avoiding Common Mistakes in Customer Development46:29 Balancing Passion and Pragmatism50:38 Building a Business Model Hypothesis55:57 Vitamin vs. Painkiller Solutions01:07:13 Testing Customer Interest and Commitment01:11:38 Overcoming the Fear of Failure👉 Grants' Linkedin profile 👉 Grants' website  The NEW Money MentorshipLearn more about the Home Equity Accelerator here Turn insights into action with Terry's episode coach Join our podcast communityGet live updates, talk shop with us and meet like minded legends in our digital treehouse. Click here to get access now.🔗 https://www.facebook.com/groups/4609737389252111Find out your financial skill scoreDo you have the money skills to fund your goals? Take the 4 minute quiz here🔗 https://financialskill.scoreapp.com/