Often, a new venture is made or broken based on the truth of a few initial assumptions. Many organizations go into business planning with preconceived ideas about market factors, financial factors, or what it will take operationally to implement the new program, venture, or partnership.
We all know we should take time to examine these things, make sure our understanding is truly current, and check that our projections take all relevant factors into account — but there's usually something we think we "know" that we should actually look at a little more closely. In this new podcast from La Piana Consulting, I am joined by Lester Olmstead-Rose, one of my co-authors of The Nonprofit Business Plan, in a conversation about why testing assumptions is such a critical part of the business planning process.
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