LivePlan’s existing users were already past the idea stage — they had a business concept and needed help with funding and execution. But marketing research revealed massive untapped demand higher in the funnel. Keyword search volume and Reddit sentiment analysis showed thousands of early-stage entrepreneurs asking variations of the same question: “Is this a good idea for a business?”
The existing Business Plan tool could technically be used for idea validation, but it was like using a sledgehammer to hang a picture. The world of entrepreneurship already had several tools to help with this: most notably the Business Model Canvas and Lean Canvas. However, those canvasses are intimidating and difficult to execute on for normal business owners.
The opportunity was clear: build a dedicated tool for idea validation that could capture users earlier in their journey and naturally funnel them into LivePlan’s core business planning experience.