| A | B | C | D | E | |
|---|---|---|---|---|---|
1 | |||||
2 | Use this tool to rank your business idea... | ||||
3 | Short description of idea: | ||||
4 | |||||
5 | IF YOU DON'T KNOW THE ANSWERS TO THESE QUESTIONS, THEN YOU MUST GO FIGURE THEM OUT! | ||||
6 | If you have multiple ideas then copy this tab this spreadsheet for each idea | ||||
7 | |||||
8 | On a scale of 0-3 Rank your idea for the following... | SEE SCORING INFO AT THE BOTTOM OF THIS PAGE | |||
9 | 0 - Not at all 1 - A Little Bit 2 - Looks Promising 3 - Completely (Slam Dunk) | ||||
10 | Only choose one - either product-based business OR service-based business | ||||
11 | Product Based Business | Weight | OR | Service Based Business | Weight |
12 | I am filling a customer need | I am filling a customer need | |||
13 | At least 10 people have told me they love the idea | At least 10 people have told me they love the idea | |||
14 | Those 10 people couldn’t wait to tell 10 of their friends | Those 10 people couldn’t wait to tell 10 of their friends | |||
15 | There is a gap in the market - nothing out there that comes close to what I’m doing | There is a gap in the market - nothing out there that comes close to what I’m doing | |||
16 | 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 sell | 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 sell | |||
17 | I have a defined target market | I have a defined target market | |||
18 | My target market is big enough to sustain my business growth | My target market is big enough to sustain my business growth | |||
19 | It’s not easy for competition to move in | It’s not easy for competition to move in | |||
20 | I can find a suitable manufacturer | I have the skills to deliver this service | |||
21 | I have access to capital to keep up with growth | I have a way to keep customers loyal | |||
22 | I have a solid distribution plan | I can find suitable subcontractors/collaborators if need be | |||
23 | Total | Total | |||
24 | |||||
25 | THE GOAL IS TO GET AT LEAST 20 POINTS (OUT OF A POSSIBLE 33). | ||||
26 | IF your idea scored less than a 20 points you should consider pivoting your idea. | ||||
27 | |||||
28 | Felena Hanson - felena@herahub.com - www.herahub.com | ||||