How do you know how much money your business might make?
How do you know how big your business could grow to in future?
How do you explain all that to someone else in a way which makes sense?
Well, a huge part of these kinds of calculations comes down to understanding your market.
Who might need this product? Who tends to buy this type of product? How many of them can you sell to?
There are lots of questions you might ask.
These questions, once you’ve dug deep enough into them, give you your TAM SAM SOM.
In this Process Street article we’re going to look at:
- What is TAM SAM SOM?
- How to calculate TAM SAM SOM
- How you can use Process Street to understand your business