You’ll learn about:

• Why validating your business model is important
• Lean start-up methodology
• Testing assumptions
• What's a Minimum Viable Product (MVP)?

Working with limited time, money and resources is common when building a business but testing and validating your assumptions will help you to make the most of what you have and refine things as you go.

Watch this video to learn how to apply 'lean principles' as part of testing and validation. You'll also hear from several entrepreneurs about the assumptions they made when starting their businesses.

You now have a list of assumptions that you've made about your business, customers and distribution channels. Watch our next video to see how to use this in the build, measure, learn feedback loop to begin testing these assumptions.

In our final video, we’re going to look at a Minimum Viable Product (MVP) to understand how you can use simple experiments to test some of the business assumptions you've made and gain valuable customer insights. You’ll also hear from entrepreneurs about their experiences and what their initial MVP or proof of concept looked like and how it informed their business.

Disclaimer - © Strategyzer AG The makers of Business Model Generation and Strategyzer. The original work can be found at strategyzer.com. This work is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported License. To view a copy of this license, visit: creativecommons.org or send a letter to Creative Commons, 171 Second Street, Suite 300, San Francisco, California, 94105, USA.