Your Grade For Your Business Idea
Information Video Creator
Description: Clypcraft
59.9 out of 100
- Limited third-party dependencies.
Looks like your business will be adequately diversified with respect to its operation and won't have many control risks. This means your business won't be dependent on one customer (or one corporation) for its income and/or operation. - Decent market size.
The size of your market is healthy with plenty of buyers. This means if you succeed, even moderately, your business can potentially change your life. Execute at 'best-case scenario' levels and your life will probably change. - Consumable product with a lot of repeat use!
Your idea can be used over and over again, or it follows a monthly subscription model. With a repeat use product/service, marketing efforts and their financial returns expand. This creates a synergy and momentum for execution success that compounds monthly. Success in this area will raise up your mathematical ceilings for wealth.
- Weak entry barriers.
The resources needed to launch this business (time, skill, money) is pretty weak. While that might be good for you in the short-term financially, it's not good for the long term. With limited entry barriers to this business, you will likely find increasing competition over time to the point margins erode and profitability disappears. This makes the longevity of this enterprise questionable. Caution is advised. - SIGNIFICANT FACTOR: Some effort required to reach potential buyers.
Reaching buyers might require a bit of expertise, money and creativity.
- Average need
The need you've identified, or the relative value as compared to existing options is just average. The need you're solving (or the unique value you're providing) is the most important. - Average replication ability.
Replicating your product is not relatively hard. While there might be some challenges in meeting a huge demand, you should be able to make it happen with some adjustments and/or investments in resources; human, financial, or digital capital. Your ceiling on wealth creation is correlated to this metric as it correlates to your ability to meet demand. - Average automation potential.
Looks like your product/service can be potentially automated so you're not tied to it forever. Additionally, this gives your business the potentially to earn passive income in the future.
C- Your idea probably needs a little more research into its veracity. Its strengths might not be powerful enough to overcome its weaknesses. With some of its weaknesses, you might be better suited looking at other opportunities with better metrics. Or, improve some of your inputs such as a better value offering (need) while researching market size and other inputs for improvement.
Your Idea's Lifetime Potential Value Within The Execution Scale
The following chart are estimates of this idea's value based upon the assumption that you have the resources (time, money, skill) to bring the idea to market in a full committment.
| Excellent Execution | $5,000,000 or more... |
| Above Average Execution | $1,000,000 |
| Average Execution | $250,000 |
| Below Average Execution | $50,000 |
| Poor Execution | $0 or less... (losses likely) |
SAVE, LINK, OR BOOKMARK YOUR GRADE: Copy link below.
REMINDER: Your business idea's grade is based on the information you provided and follows the GIGO principle: Garbage In, Garbage Out. If you were not subjectively honest in your answers, or if your answers were based on faulty research and/or data, your grade will not be accurate.
ENTER NEW DATA? Unsure of the data points you provided? Get your idea rescored here
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The C.E.N.T.S. Framework is a business strategy created by multi-millionaire entrepreneur and international best-selling author MJ DeMarco. As detailed in his two best-selling books The Millionaire Fastlane and Unscripted (translated worldwide in over two dozen languages) CENTS is an evaluation system that allows entrepreneurs to judge their ideas based on the their potential for life-changing outcomes: Massive success, financial freedom, passive income, and other results that go beyond just paying bills for the month and then repeating.
The CENTS Framework consists of 5 weighted factors as shown, plus an accessibility factor.
Want to discuss your business idea? Visit the forum and post a thread with a link to your evaluation!
- Control: Will any one entity reign over your business?
- Entry: How easy or hard will it be to compete against you?
- Need: What kind of value proposition and skew will you offer?
- Time: Can your value proposition exist separate from you?
- Scale: How often can your value be consumed and by how many?
- Access: Can you effectively reach your target audience?
Are you sitting on a GOLD-MINE? If your business idea scored well, get to work today! Learn how to turn your business idea into a multi-million dollar enterprise that goes beyond paying bills-- build something that will win your freedom for a lifetime. Start today— visit the entrepreneur discussion forum or download any of the books that will show you the way...
