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Business-Idea Self-Assessment Worksheet

Score an idea against your circumstances.

01

1. Personal and practical fit

Score each statement from 0 to 2: I understand the work; I can perform it safely; it fits my dependable weekly time; and it does not undermine essential responsibilities. Write evidence beside every score. “I can learn” is not the same as being ready to accept payment. Note the training, equipment or support still required and any part of the work that should be handled by a qualified person.

02

2. Customer access and problem strength

Name the customer precisely and score: I know where to reach at least ten; the problem occurs often enough; customers currently spend time or money addressing it; and I can explain a better or more convenient result. Add one fact, conversation or observation beside each answer. Avoid awarding points because friends like the idea or because similar businesses appear popular online.

03

3. Economics and delivery reality

Estimate the price, materials, data, transport, packaging, payment charges, delivery, likely revisions and hours for one order. Score: the price can cover these costs; required money is affordable; delivery is manageable; and repeat orders would not create an impossible workload. Use current figures and include a reserve. Revenue is not profit, and a low-cost idea can still be unsuitable if it consumes excessive time.

04

4. Risk, rules and testability

List safety, privacy, permissions, spoilage, refunds and local requirements. Score: risks can be controlled; the activity is permitted; customer information can be protected; and demand can be tested within seven days without major spending. Total the score out of 32. A strong score supports a small test, not a large launch. Any serious unresolved safety or compliance issue requires action regardless of the total.

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StartRight NG is an independent, privately owned educational and business-discovery platform created for a Nigerian audience. It is not a government programme and is not affiliated with, sponsored by, endorsed by or operated by the Federal Government of Nigeria or any government ministry, department, agency, state or local authority.