What Is a Problem Statement? A problem statement is usually one or two sentences that describe the issue that your solution will solve. A problem statement will, in general, highlight the negative aspects of the current situation and explain why they are important. Let’s use the example of Netflix, which […]
What is fintech? FinTech, which is a combination of the words “financial” and “technology,” is a phrase that refers to any new technology that enables consumers or financial institutions to supply financial services in new and faster ways than previously possible. Consider the difference between walking into a bank to […]
What is market validation? The process of gathering evidence around ideas through testing to make quick, educated, and risk-free decisions is known as concept validation. It’s a process that usually begins with an idea and ends with a paying consumer. The goal of idea validation is to test the feasibility […]
