02/02/2022
When starting out with an offer or business model, there are several things you need to assume in order to create a strategy. These assumptions are what can make or break your business plan (Critical Assumptions).
Get any of these wrong and you won't have a viable business. The best ways to make the correct critical assumptions is to do your market research! Whether that is primary or secondary - knowing your market is key to knowing if you have a business model or just an non-starter idea. Test these assumptions where possible before you completely rely on them.
Research thoroughly and without having too much attachment to your proposed plan. The more informed your critical assumptions are, the more likely your business plan will be successful!