*If you do choose to pursue your business opportunity with execom, the Concept Evaluation fee is deducted from your first invoice from us. Not applicable to Business Plan Reviews, Pitch Critiques, or core services valued at less than $5,000.
Navigating entrepreneurship's uncertainty is daunting, especially for newcomers. Our objective scoring system, developed through evaluating numerous business ideas, offers clarity. Your Concept Evaluation score guides you: proceed confidently, refine your approach, or reassess your strategy.
Should you have your concept professionally evaluated?
For first-time entrepreneurs, gauging your business idea's likelihood of success can be confusing and stressful.
We've rigorously evaluated hundreds of business ideas, inventions, product concepts, and service offerings, and have taken all of those learnings and developed an objective scoring system. Our scoring system uses the most consistent, reliable, and broadly applicable criteria to generate an actual score that you can use to compare your concept with other businesses and make an informed decision on how to proceed.
Your score can be used as an objective reference point for how strong your opportunity is, where you have room for improvement, and whether or not you may want to think twice about spending your time and money pursuing this opportunity.
Have you validated your concept?
The simplest way is to start with these 5 questions:
• What problem are you trying to solve?
• Are your customers aware that they have the problem you are trying to solve?
• How are they solving the problem now?
• Would they buy your product to solve this problem? Why?
•Can you build this product and deliver it to them? Profitably?
If you can't answer every one of these with complete certainty, you are relying on luck more than anything else to make your business succeed.
Your Concept Evaluation score will clearly indicate which of these three paths forward is most accessible for you as an entrepreneur:
Your concept shows promise...
But you will need to execute and demonstrate traction in the market before you're likely to attract outside investment. Other funding sources may be available to you if you can convince them why your project is worthy of their support.
Your concept is going to be quite difficult...
To build a high-growth business opportunity with. Unless you are a celebrity, a top authority in your industry, or you have connections to a vast amount of easily accessible capital, your execution will need to be flawless and world-class.
Business Opportunity Evaluation
• What problem are you solving?
• How do people solve this problem now?
• How do you make money by solving this problem?
• What makes you, your product, or your way of serving your customer better than your competitors?
Product Evaluation
Evaluation of Funding Potential
• How big is your market opportunity?
• What is required to start making your product or delivering your service?
• How much will this cost?
• How successful have you & your co-founders been with past ventures?
• How much money do you need to raise or borrow?
