Business Idea Analysis Worksheet:
Before you can begin to write your business plan, you may need help figuring out which business idea to go for and if it’s worth pursuing. This worksheet will assist you in finding the best business idea for your new business.
Instructions:
- Assign each business opportunity and product a column number.
- Answereach question along the left-hand side of the form assigning a ratingof 1-3, with 3 being the strongest.
- Total each column after you’vefinished.
- The opportunity and product with the highest total pointsare your strongest candidates for success.
Business Opportunity Analysis | Business | Business | Business Op 3 | Business Op 4 |
| Relevance of your previous experience to opportunity | ||||
| Familiarity with the daily operations of this type of business | ||||
| Compatibility of business with your investment goals | ||||
| Compatibility of business with your income goals | ||||
| Likely profitability of business | ||||
| Likelihood of business to meet your desire for personal fulfillment | ||||
| Projected growth for the industry | ||||
| Acceptability of risk level | ||||
| Acceptability of hours you will need to work | ||||
| Column Totals |
