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Step 3| Make a list of other online business that are similar to

                                  your business idea.


                Ide


                ntif              Step 4| Briefly assess what they are doing and make a new list,


                 yin              this list should have the three top things your business idea has
                                  that that these competitors of yours don’t have.

                    g


                ma                Step 5| Go back to your initial value proposition statement:


                rke                       After this exercise, do you still believe your idea is a great



                     t                       idea?


               gap                        Does your idea fill a market gap or your business idea is
                                             already taken?
                    s                     Do you need to have a new idea?



                                          If yes, start over and keep tracking market gaps to get your

                                             next big idea!
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