Plan Validation

3. The process of proving that a business idea actually works in the real world.
9. The "P" in MVP stands for Minimum Viable ________.
11. The target ________ is the specific group of people or demographic you want to sell your product to.
12. Potential buyers that you interview and gather feedback from.

1. To fundamentally change the direction of a business strategy based on new data or market realities.
2. The main purpose of validation is to reduce financial ________.
4. Something that is accepted as true without having actual proof or evidence.
5. A very basic prototype with just enough features to test an idea with early customers.
6. The goal is to prove that customers are willing to pay for your specific ________.
7. Information, opinions, and reactions provided by users about a product or service.
8. The goal of validation is to prove that a real ________ exists.
10. Many entrepreneurs make the mistake of building their business on assumptions instead of ________.