Business Model Testing

SUPER GUIDE: Business Model Testing

The Super Guide about Business Model Testing is an important material about the different approaches to testing your business model hypothesis.

Table of Content

Here’s the content you’ll find in this guide:

1. Introduction
2. Business Model Testing Cycle
3. How to Test Your Business Model in 7 Steps
4. How to Build Hypothesis
5. The Iterative Testing Process
6. 4 Common Tests
7. How To Reduce The Risk & Uncertainty
8. Useful Tools for Business Model Testing
   1. Testing Cards
   2. Testing Table
   3. Discovery Plan
   4. Progress Board
9. Assess the Quality of Your Business Model
   1. Business Model Canvas & SWOT
   2. Evaluation Criteria
   3. The NICE framework
   4. 4 performance indicators
   5. 6 Questions
10. Conclusion

An excerpt from the Business Model Testing Super Guide:

“Most companies are able to develop their business models before their effective implementation, with great efficiency and precision. In general, that’s because they apply methodologies and tools such as Business Model Canvas, Lean Canvas, or Value Proposition Canvas and are able to design the particularities of their businesses.

The problem of business modeling arises, in general, because many entrepreneurs “skip” the next step in the process. It is quite common that, after modeling, the business is created and implemented, without going through the testing stage before, thus losing a chance to evaluate, with their consumer audience, which solutions and ideas can work and which can fail.

Quite often, this is because business owners believe that they found a perfect idea and kind of “fall in love” with it without questioning. Or they can go straight to the implementation in order to save time, capital, or resources.

But, at the end of the day, what happens is just the opposite: the lack of testing ends up becoming costly, and it consumes time, resources, and energy without reason.”

This is must-have knowledge for entrepreneurs and business model analysts, and consultants if you want to dominate business models, this super guide was made especially for you.