Your Grade For Your Business Idea
The Forest Adventure www.TheForestAdventure.Blog
Description: Ten minute segments of a read aloud for kids with accompanying activities.
75.8 out of 100
- 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. - Few, if any third-party dependencies.
Congrats on having control over the major operations of your business. Not one company can ruin your business with one arbitrary decision. You have effectively mitigated a substantial risk that many small businesses undertake. - Big market size!
You're going after a HUGE market with plenty of buyers. While this is good from one aspect, it also means you will have to fight beefier and more plentiful competition. Still, small to moderate success in this space will be life changing personally and financially. Home run success here and look out, you could become the next Elon Musk. - Consumable product with moderate repeat use.
Looks like your product/service can be used occasionally, creating repeat buyers while generating some momentum in customer and revenue growth. With a repeat use product/service, marketing efforts and their financial returns expand. - Your market is relatively easy to reach via ad/marketing initiatives.
Ease of reaching potential buyers is a definite strength, although such ease usually means it's more expensive to do so.
- 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.
- 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.
B This is a better than average idea with some great strengths, far outweighing its weaknesses. Assuming your inputs are valid and verified (market size, use, need/value uniqueness) you should consider moving forward. Even average execution could be a life-changer.
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 | $20,000,000 or more... |
| Above Average Execution | $10,000,000 |
| Average Execution | $5,000,000 |
| Below Average Execution | $1,000,000 |
| Poor Execution | $150,000 or less... |
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...
