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Business Concept Feasibility Assessment

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Business Concept Feasibility Assessment

Outcome

Identify strengths and weaknesses in your business concept as compared to a model business.

Overview

This assessment identifies the major criteria that can make or break the success of a business. By evaluating your business concept against these criteria, you can determine the level of risk you might be taking in starting that business. The criteria can also be used to develop benchmarks for improvement in the product/service, the market, and the financial aspects of the business.

Instructions

Step 1: Review the Business Concept Feasibility Assessment – Criteria …show more content…

|❑ |❑ |❑ |❑ |❑ |
|Business has great news value. |❑ |❑ |❑ |❑ |❑ |
|FINANCIAL FEASIBILITY |1 |2 |3 |4 |5 |
|Funding is easily obtained. |❑ |❑ |❑ |❑ |❑ |
|Revenue stream is continuous. |❑ |❑ |❑ |❑ |❑ |
|Money is collected prior to sales. |❑ |❑ |❑ |❑ |❑ |
|Hiring and retaining employees is easy. |❑ |❑ |❑ |❑ |❑ |
|Inventory/Service providers are dependable. |❑ |❑ |❑ |❑ |❑ |
|Gross margin is 100 percent. |❑ |❑ |❑ |❑ |❑ |
|Legal problems do not exist. |❑ |❑ |❑ |❑ |❑ |
|Wealth is generated through exit strategy. |❑

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