Do you think you have a Million $ Idea? The New Idea Audit will tell you!

Is your idea going to make the world a better place? Take this short idea audit below to see what you need to get funding, customers, employees.

Testimonial

New idea reality check quote

I am overly optimistic like many entrepreneurs.. this short quiz helps identify some of the foundational things that every new product or service needs to be a winner. Mike has many years of experience wrapped up in this short test. I would recommend spending 2 minutes and get your results… it could be a life saver.

Nick Dimitrov, Founder Amazon Bound

Learn the things that you might be missing before launching your new business idea.

Your information will never be shared with anyone at anytime.

Welcome to your new idea audit This should take you about 2 minutes to complete. When you are done you will get a score that will show you the things you might need to work on and the things you don’t.  It is not easy to get an idea off the ground but when you do it is amazing. With this information, you will have more knowledge of what is needed to get your new business idea started.

Welcome to your new idea audit

What type of idea is it? Hardware or physical product, software product, app or online product or service.

Who will be paying for the product or service? Choose the target customer that will provide the most revenue.

How do you intend to sell your product/service? Chose the ONE that is the MOST volume/revenue of your sales channel.

Have you spent any time talking to potential customers if they would use and pay for your idea? If so how many?  Note: Potential customers are NOT friends and relatives.

Have you done research on how many customers there are for your product or service? It is critical to have a realistic idea if you can get enough customers.

Why are you building this product or service?

Can your mom or someone older than you describe your idea to a friend?

Do you have the time and money to get your idea to market or in the hands of customers?

What skills do you bring to the table for your idea? Please choose the one you think provides the MOST value to your idea.

What skills do you think are the MOST important for you to have on the team but you don't have access to them yet?

Have you identified your target customer? And a target range price of what they would pay?

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