I've been recently asked to provide advice to post-grad students looking to become entrepreneurs. Here is what I offered:
Test your idea as quickly and as cheaply as possible. Be relentless in understanding your customer, their habits, wants, and needs. Study their decision-making and purchasing process. Obsess over providing meaningful value to them, and then build a business around it.
If you are in a similar situation, then you might find the following useful:
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