Testing assumptions is essential to ensure their validity and reliability. Here are some ways to test business assumptions:
Scenario Analysis: Create different scenarios based on varying assumptions and analyze their potential impact on business outcomes. Sensitivity Analysis: Assess how changes in key assumptions affect the overall business model and financial projections. Prototyping: Develop prototypes or pilot programs to test assumptions in a controlled environment. Feedback: Collect feedback from customers, partners, and other stakeholders to validate assumptions.