What is market readiness?
Market readiness is the commercial condition that determines whether a new product, service, or market entry has the structural prerequisites to generate sustainable revenue. It encompasses six conditions: a clearly defined and reachable buyer, a problem the buyer recognises and prioritises, willingness and ability to pay, a credible route to market, a competitive landscape the business can navigate, and positioning the business can defend. A market can be large and growing but still commercially unready for a specific business if any of these conditions is not yet established.