How you test your assumptions will depend on the specifics of the assumptions. For example, check your cost projections by seeing how much vendors charge for supplies.
Perhaps the most important assumptions to test are cost targets and how enthusiastic key customers are for your product. Testing assumptions compliments the market-based research that you’ve already done. The combination of this data will position you to create a product that can succeed in the beachhead market.
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The best way to determine that their product is useful is to put it in front of the people most likely to use it. This can mean market testing, or it can mean asking people on your own team--ideally, those in roles it's designed for--to give it a go.
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