The document outlines 12 hypothesis forms testing various assumptions for a new business model. Each form tests a hypothesis about a different component, such as revenue streams, value propositions, key partners and customer segments. The tests generally involve asking target customers questions to validate whether over 70% would accept certain proposed aspects, such as being willing to pay for a service or believing partnerships or channels would provide value. If the tests show sufficient validation, usually over 70%, then those components or ideas would be incorporated into the business model.