Idea Ranking Tool - HeraHub.com
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Hera Hub is here to help you! Use this tool to rank your business idea...
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Short description of idea:
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IF YOU DON'T KNOW THE ANSWERS TO THESE QUESTIONS, THEN YOU MUST GO FIGURE THEM OUT!
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If you have multiple ideas then copy this tab this spreadsheet for each idea
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On a scale of 0-3 Rank your idea for the following...
SEE SCORING INFO AT THE BOTTOM OF THIS PAGE
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0 - Not at all 1 - A Little Bit 2 - Looks Promising 3 - Completely (Slam Dunk)
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Only choose one - either product-based business OR service-based business
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Product Based BusinessWeightORService Based BusinessWeight
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I am filling a customer needI am filling a customer need
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At least 10 people have told me they love the ideaAt least 10 people have told me they love the idea
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Those 10 people couldn’t wait to tell 10 of their friendsThose 10 people couldn’t wait to tell 10 of their friends
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There is a gap in the market - nothing out there that comes close to what I’m doingThere is a gap in the market - nothing out there that comes close to what I’m doing
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I’m selling a pain killer vs. a vitamin - meaning I’m really solving a throbbing problem vs. trying to convince someone they need what I have to sellI’m selling a pain killer vs. a vitamin - meaning I’m really solving a throbbing problem vs. trying to convince someone they need what I have to sell
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I have a defined target marketI have a defined target market
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My target market is big enough to sustain my business growthMy target market is big enough to sustain my business growth
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It’s not easy for competition to move inIt’s not easy for competition to move in
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I can find a suitable manufacturerI have the skills to deliver this service
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I have access to capital to keep up with growthI have a way to keep customers loyal
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I have a solid distribution planI can find suitable subcontractors/collaborators if need be
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Total0Total0
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THE GOAL IS TO GET AT LEAST 20 POINTS (OUT OF A POSSIBLE 33).
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IF your idea scored less than a 20 points you should strongly consider going back to the drawing board.
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