Quick Venture Assessment Tool

5 Questions

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Quick Venture Assessment Tool

Welcome to the Venture Assessment Tool. This 2 minute assessment may help to guide your venture development and method of capital raising. All respondents who complete the Tool are entitled to attend our upcoming Webinar "Turning a great idea into a great business" (Normally $75) for free. Independent advice should be sought before acting on any recommendations provided in this survey. It is recommened that a full opportunity assessment be conducted.


Questions and Answers
  • 1. 
    Please select the answer below that best outlines your current stage of Competitor analysis.
    • A. 

      Competitors have not yet been individually identified.

    • B. 

      Competitors have been identified.

    • C. 

      A detailed competitor and market analysis has been undertaken.

    • D. 

      Customer feedback has demonstrated your product features and benefits relative to competitors.

  • 2. 
    Determine your current stage of commercialisation planning.  Tip: This question assesses both the existance of a plan as well as its effective application in bringing your opportunity to market.
    • A. 

      No commercialisation plan developed or implemented

    • B. 

      High level commercialisation strategy in place

    • C. 

      Detailed commercialisation strategy in place

    • D. 

      Operating commercialisation strategy and plan in place

  • 3. 
    How long will it be until your opportunity may be introduced to the market and available to your potential end customers?Tip: Consider that any required partnerships to get your opportunity to market can take some time.
    • A. 

      Greater than 3 years

    • B. 

      2-3 years

    • C. 

      1-2 years

    • D. 

      Less than 1 year

  • 4. 
    Assessing the stage of business model development.Tip: For further details on assessing the level of maturity of your business model design process please see our presentation here
    • A. 

      No business model identified at this stage

    • B. 

      Some business model concepts in existance, but preferred model not yet identified or tried.

    • C. 

      Selected business model is a variant of existing tried and tested models. It has be tested.

    • D. 

      Business model is tested and proven to offer clear value to all relevant stakeholders.

  • 5. 
    Assessing the business plan and key commercialisation milestones.Tip: This question is looking both at the existance of business planning as a document, as well as its application by the entrepreneur.
    • A. 

      No business plan or milestones identified.

    • B. 

      Vague commercialisation milestones have been identitied, but it is not known if they are achievable.

    • C. 

      Clear estimated timeframes for at least 5 key commercialisation milestones.

    • D. 

      A history of delivering on timeframes outlined in the business plan.