Your Grade For Your Business Idea
NDA proj
Description:
51.1 out of 100
Your market is difficult to reach: Significant reduction to score applied. See conclusion for more info...
- You've identified a pretty good need.
The need you've identified, or the relative value as compared to existing options is above average. The NEED metric is the most important, assuming the market is accessible. - Decent entry barriers.
The resources needed to launch this business (time, skill, money) is a good entry barrier to help insulate this business from future competition. Typically stronger entry barriers help dissuade competition from entering the space, hence, eroding margins while driving up ad costs. - Ease of replication!
Looks like once your idea is created, it will be easily replicated into thousands, perhaps millions of units. This mathematical truth can potentially change your life should you execute well - meeting demand won't be a problem. Assuming a market size that can support it, your ceiling for business success exponentiates. You might make it rain money. - 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. - Time is an ally, ease of automation
Your idea can be separated from your time, and exist in time. This powerful relationship can eventually lead to the entrepreneurial holy grail, passive income. At some point, after your initial time investment into the business and its automation processes, your business will earn dual pay: Payment of money, and payment of time.
- Some worrisome third-party dependencies.
Looks like you have some substantial third-party risk. When this occurs, your business will be subjected to the whims of a corporate patriarch. For instance, if you invent a product and only have two customers (Walmart and Amazon), your business will be subject to the decisions of those entities. While such dependencies can go on infinitely with no issues (while still making a good profit) it does introduce some risks to be concerned about. - Teeny-tiny market size
The size of your market is a huge concern. If your market isn't large enough, there may not be enough buyers to make your business worth an investment. If your 'best case scenario' just pays bills, is it really worth pursuing? With such a small market, you will need to execute perfectly. The only exception to this is when you have a big-ticket product or service. - SIGNIFICANT FACTOR: Your market is extremely difficult to reach.
Unfortunately if you cannot easily reach a target market through advertising or marketing, it doesn't matter how awesome your product or service is. Building momentum is virtually impossible because your product/service will struggle to get an eyeball. A market that cannot be reached is not a market. This huge factor weakens the veracity of your idea to the point it might be wise to find other markets to serve.
- None specified.
D Your idea is questionable and might not be worth a time or money investment. Even at great execution, that just might not be good enough to pay the bills. As Unscripted Entrepreneurs, our goal is to get paid BOTH time and money while dealing with potential life-changing outcomes. This idea might not light the candle. A significant factor that degrades this idea is the difficulty in its accessibility to reach your potential market. A market that cannot be reached effectively is not a market.
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 | $1,000,000 or more... |
| Above Average Execution | $250,000 |
| Average Execution | $50,000 |
| Below Average Execution | $0 |
| 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...
