Scribd
Upload
51 views

FeasibilityQuick ScreenTemplate

This document outlines key factors to consider when conducting a feasibility quick-screen of a new business concept: 1) The product or service offering and how it resolves customer needs and pain points. 2) The current and projected market size and growth. 3) Existing competition and the business's unique competitive advantages. 4) Required resources like funding, materials, equipment, and facilities. 5) Needed team members and network contacts. 6) Critical success factors and how they will be measured and managed. Considering these factors can help determine whether to proceed with further feasibility analysis or abandon the concept.

Uploaded by

Anonymous 0zM5ZzZXC
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
51 views

FeasibilityQuick ScreenTemplate

This document outlines key factors to consider when conducting a feasibility quick-screen of a new business concept: 1) The product or service offering and how it resolves customer needs and pain points. 2) The current and projected market size and growth. 3) Existing competition and the business's unique competitive advantages. 4) Required resources like funding, materials, equipment, and facilities. 5) Needed team members and network contacts. 6) Critical success factors and how they will be measured and managed. Considering these factors can help determine whether to proceed with further feasibility analysis or abandon the concept.

Uploaded by

Anonymous 0zM5ZzZXC
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Feasibility Quick-Screen

Your Business Concept


Describe the product or service that you intend to offer.

Your Customers & Their Need


What is the customer pain or need that your product or service will resolve?
Will they not only need but also want what you have to offer?
Will they pay you a price that allows you to make money?

The Market
What is the current market size? How did you estimate this?
How fast has it grown in past 1-3-5 years?
How fast is it expected to grow in the next one, three and five years?
Are there other segments you can reach?

Competition & Industry


Who else is providing a same or similar product or service?
What will be your unique competitive advantage?
How easy is it for you to enter this market space?
How easy is it for others to enter with a same or similar offer or prevent you from entering this
market space?

Resources
Have you considered how much money you will need and where and how will you get the
funding?
Have you considered what resources you will need? Raw materials, supplies, equipment,
location, etc.?

Team
Who do you need on your team? Who do you have? Where can you find them??
Who do you have in your personal and professional network? Who do you need to have?
How will you find them?

Organization
What are the critical success factors underpinning your business?
How will you measure, evaluate and manage them?

What else should you consider to help you evaluate this opportunity?

Remember that…
A “Go’ decision means that the next step is to begin developing a full go forward Feasibility Blueprint and then a
Business Plan, and may include developing and testing prototypes, filling out the management team, and seeking to
raise the necessary funding, and internal and external resources and support.

A “No Go” decision is also a valid and valuable result of a Feasibility Quick-Screen that will save the entrepreneur
from time and expense that may have been spent on a concept that does not have the potential to succeed in the
market.

You might also like