In order to gather data about your assumptions you need to run small and fast experiments. To run an experiment you create a statement about what you assume to be true, then you establish some kind of metric to measure. Design the experiment and then run it. No matter which direction it goes, you learn! Each time it is run you'll learn more about your customer, their problem, your solution. Example: Say you wanted to sell clothes online. You might create an experiment to test if people will sign up for your line of clothing. Your goal is to find 20 people who will sign up for your website updates. Your metric is 20 people and you talk to as many as you can. How do know who might sign up? You created an empathy map so you know their personas, what challenges they have, and what emotions they have. From that you might understand where they hang out and therefore how to reach them. Source as many as you can. Try to get them to sign up. Note the reasons why they do. Note reasons why they won't. Run the experiment for say 5 days. Then pause. Examine your results. Decide if you need to run it longer, change the experiment or if you have enough data to decide if your customer is genuinely interested in your product/service. The results only help you decide if you can move that assumption to a different place on the board. You may need more experiments or slightly different experiments as you think about what you learn with each customer interaction.
You should complete the following tasks before proceeding to the current one.
Knowing who your target customer is goes beyond just typical demographics such as age, income, location, etc. The most powerful products, services and brands attract early customers who have a 'hair on fire' problem that your solution solves. These ideal customers are moved by passion and an emotional connection to what you are doing. They believe in it and they believe in your mission. They will be evangelists and champions of your product or service and help you grow. Great! But how do you know who they are and how do you find them? In the resource links there are some examples of templates to help you understand the traits of your customer so you can create ways to make them aware you exist and attract them to your product or service - aka marketing. The great thing about ideal customers is they are ready to buy or purchase from you, so often you only need to make them aware.
As new entrepreneurs we have assumptions about our customer, their problems, how to solve the problems, how to reach the customer, how they buy, when they buy, etc. We often assume that once we create something people will just gravitate to it and exchange money. This is a major flaw of our thinking, but it can be fixed with a technique. A way to understand your assumptions is to brainstorm as many things as you can about your customer, their problems and how they'll use your solution. Sometimes it helps to brainstorm with a partner and in several sessions. You might think of an assumption while out for a walk, or in the car, or washing dishes. Uncovering what you are assuming to be true vs. what you KNOW to be true based on fact and data is critical. You might have 10 or 20 or 73 assumptions. There is no right amount, and you will discover more as you get better.Write them on a sticky note. Keep them short. Example: Customer will use an app, customer will pay with credit card, customer doesn't need post-sale support, etc.Once you've brainstormed take all your assumptions organize according the dimensions of 100% known -> 0% know on the X axis. On the Y axis organize them to 100% . It is critical to understand vs. not critical at all. See the graph in the resource guide so help you better visualize this. The end result should be assumptions all over the board but organized in a way that identifies the riskiest assumptions. These are where you need to put time and focus in order to make your business viable. See the video for a deeper explanation.
List of resources, subject matter experts, trusted partners, and tools that can be useful to complete the task.
Don't stop now! Just pick the very next stage-card that resonates with your business and continue working on the correspondent tasks.