ABOUT THIS CONTENT
14 questions useful for considering the potential of new entrepreneurial ventures.Question | Focus |
1. What exactly is the problem(s) that you want to solve? | Focus, Focus, Focus |
2. Who are you solving them for? (i.e.: the customer) | Target / Market Niche |
3. How many customers are likely to have these problems? | Market Size |
4. How do you intend to solve these problems? | Product / Services |
5. Why is your solution better than other options? | Competitive Advantage |
6. What can you do that no one else can do? | Core Competencies / IP |
7. What are your competitors likely to do when you enter the market? | Competitive Positioning |
8. How do you intend to enter the market? | Market Entry |
9. What is your long term vision for your business? | Business Model Long Term |
10. How do you intend to make money? | Business Model Short Term |
11. What is the food chain for your new industry? | Business Fit in Industry |
12. Where is your Business Plan-Status? | Structure, Distribution Plans |
13. If we gave you the money you need what would your company look like in ten years? | Test Vision Stated |
14. What are your plans for overseas? | Global Understanding |
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