The Feasibility Checklist & Questionnaire

Free
$0 USD
(free)
Robert Whittley CPA
Point of Contact
Posted On
August 11, 2021
Complexity
6
ROI %
91
Time
2 hours
Value
94

About this asset

The statistics aren't pretty. More than 70% of new businesses fail. The biggest reasons why (in Robert's opinion) are 1) lack of planning and 2) the lie in the old adage of 'build it and they will come'. Just because you built something does not mean customers will come. These are false teachings. Perhaps the most crucial problem you will face after expressing an interest in starting a new business or capitalizing on an apparent opportunity in your existing business is determining the feasibility of your idea. Getting into the right business at the right time is simple advice, but advice that is extremely difficult to implement. The high failure rate of new businesses and products indicates few ideas result in successful business ventures, even when introduced by well-established firms. Many entrepreneurs strike out on a business venture convinced of its merits, but they fail to evaluate its potential. This checklist should help you evaluate a business idea. It is designed to screen out ideas that are likely to fail before you invest extensive time, money, and effort in them.

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Features
Capital Req'd?
Yes
No
Gov't Involved?
Yes
No
Tax Strategic?
Yes
No
DIY Feasible?
Yes
No
Added In
2021
Value Rating
94

What You'll Learn

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Robert Whittley CPA

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Listing Code:
#SMB007
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