Business Idea AssessmentYou’ve got a great idea for a new business or a new product/service for your

existing business. How do you know whether or not to pursue it? Use the wheel below to honestly assess how much work it will take and whether you have the resources needed to make it happen.

Mark each section of the wheel according to how confident you feel in that section on a scale of 0 (no confidence) to 10 (total confidence.) See page 2 for a sample.

9 Level of

Commitment

1Knowledge/

Skills

2Technology Know-How

3Clear Niche/Ideal

Client

4Simple systems for getting new

clients

7Community/Reach

5Time to Invest

6Money to Invest

0

10

8Support

10Fun Factor

®2018 Dr. Minette Riordan and Path to Profit Academy. All rights reserved. www.PathtoProfitAcademy.com

Sample Business Idea Assessment

In this example, Brad was trying to figure out whether or not to launch a blog on a topic he is passion-ate about. You can see that parts of the process where a clear 10 but others like time and community would both offer big challenges. Ultimately he decided the challenges were ones he could overcome

and launched LowCarbEndurance.com. But he first got really honest about what he would need to do, learn or invest in to move forward.

One of Minette’s favorite things to do is walk people through this assessment to help them validate their business idea. If you’d like to schedule a “Is This a Good Idea” Strategy Session with Minette,

click here: bit.ly/drminette

®2018 Dr. Minette Riordan and Path to Profit Academy. All rights reserved. www.PathtoProfitAcademy.com