Your Grade For Your Business Idea
offer creation to increase perceived value
Description: an offer soo great people feel stupid saying no to
64.3 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. - 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.
- Small/niche market size
The size of your market might be an issue. If your market isn't large enough, there may be less room for error and execution must be on point. Average execution might not change your life, much less pay your bills. - SIGNIFICANT FACTOR: Some effort required to reach potential buyers.
Reaching buyers might require a bit of expertise, money and creativity.
- Average entry barriers.
The resources needed to launch this business (time, skill, money) could a concern, both in the short and near term future. Strong entry barriers stop others from competing with your business. Because this idea waffles in the middle, it might be a problem later. - 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 has some potential but it will probably take some work getting there. Whether this idea will be able to change your life from a success perspective, it's a toss up. It could pay your bills for the month, lose you money, or make you a fortune. You should investigate (and/or verify) your input variables further, such as the strength of the need and the value you're providing, market size, as well as market accessibility.
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 | $7,500,000 or more... |
| Above Average Execution | $2,500,000 |
| Average Execution | $500,000 |
| Below Average Execution | $100,000 |
| Poor Execution | $0 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
SHARE YOUR RESULTS
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...
