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#News(General) [ via IoTForIndiaGroup ]
The four most common mistakes corporate teams tend to make when creating new IoT business models:
1.Working until the solution is perfect
2.Waiting for the right moment to launch
3.Over-deliberating project execution
4.Making many wrong assumptions
The last point in the list above is one that most corporates struggle with, even though it is the easiest mistake to fix.
A step-by-step guide: How to validate IoT business model assumptions
Step 1: List your assumptions Step 2: Prioritize the assumptions based on their impact Step 3: Identify validation methods Step 4: Assign responsibilities & deadlines. Step 5: Utilize the results to iterate or spin your idea Step 6: Keep going
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