Worksheet_Business Selection

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Worksheet Title & Date

Worksheet: Business Opportunity Selection

Date: {{date}}

Opportunity Identification

Opportunity 1 Name: {{opportunity_1_name}}

Description: {{opportunity_1_description}}

Opportunity 2 Name: {{opportunity_2_name}}

Description: {{opportunity_2_description}}

Opportunity 3 Name: {{opportunity_3_name}}

Description: {{opportunity_3_description}}

Selection Criteria

Define the key criteria for evaluating business opportunities. Assign a weighting to each criterion based on its importance to the business objectives.

1. Strategic Alignment (Weight: {{weight_strategic_alignment}}%)

- Does the opportunity align with our long-term vision and mission?

- Does it leverage our core competencies?

2. Market Potential (Weight: {{weight_market_potential}}%)

- What is the size and growth potential of the target market?

- Who are the key competitors and what is our competitive advantage?

3. Financial Viability (Weight: {{weight_financial_viability}}%)

- What are the estimated startup costs, operational expenses, and revenue projections?

- What is the expected return on investment (ROI) and payback period?

4. Risk Assessment (Weight: {{weight_risk_assessment}}%)

- What are the potential risks (market, operational, financial, regulatory) and how can they be mitigated?

- What is the probability of success and failure?

5. Resource Requirements (Weight: {{weight_resource_requirements}}%)

- What human, technical, and financial resources are required?

- Do we have the necessary resources or can we acquire them?

Opportunity Evaluation Matrix

Rate each opportunity against the defined criteria using a scale (e.g., 1-5, where 5 is excellent). Multiply the rating by the criterion's weight to get a weighted score. Sum the weighted scores for each opportunity.

| Criteria | Weight (%) | Opportunity 1 Rating (1-5) | Opportunity 1 Weighted Score | Opportunity 2 Rating (1-5) | Opportunity 2 Weighted Score | Opportunity 3 Rating (1-5) | Opportunity 3 Weighted Score |

|--------------------------|------------|----------------------------|------------------------------|----------------------------|------------------------------|----------------------------|------------------------------|

| Strategic Alignment | {{weight_strategic_alignment}} | {{opp1_rating_strategic}} | {{opp1_weighted_strategic}} | {{opp2_rating_strategic}} | {{opp2_weighted_strategic}} | {{opp3_rating_strategic}} | {{opp3_weighted_strategic}} |

| Market Potential | {{weight_market_potential}} | {{opp1_rating_market}} | {{opp1_weighted_market}} | {{opp2_rating_market}} | {{opp2_weighted_market}} | {{opp3_rating_market}} | {{opp3_weighted_market}} |

| Financial Viability | {{weight_financial_viability}} | {{opp1_rating_financial}} | {{opp1_weighted_financial}} | {{opp2_rating_financial}} | {{opp2_weighted_financial}} | {{opp3_rating_financial}} | {{opp3_weighted_financial}} |

| Risk Assessment | {{weight_risk_assessment}} | {{opp1_rating_risk}} | {{opp1_weighted_risk}} | {{opp2_rating_risk}} | {{opp2_weighted_risk}} | {{opp3_rating_risk}} | {{opp3_weighted_risk}} |

| Resource Requirements | {{weight_resource_requirements}} | {{opp1_rating_resources}} | {{opp1_weighted_resources}} | {{opp2_rating_resources}} | {{opp2_weighted_resources}} | {{opp3_rating_resources}} | {{opp3_weighted_resources}} |

| **TOTAL SCORE** | **100** | | **{{opp1_total_score}}** | | **{{opp2_total_score}}** | | **{{opp3_total_score}}** |

SWOT Analysis for Selected Opportunity

Once an opportunity is provisionally selected, conduct a detailed SWOT analysis.

Opportunity Selected: {{selected_opportunity_name}}

**Strengths:** {{swot_strengths}}

**Weaknesses:** {{swot_weaknesses}}

**Opportunities:** {{swot_opportunities}}

**Threats:** {{swot_threats}}

Recommendations & Justification

Based on the evaluation, provide a recommendation.

Recommended Opportunity: {{final_recommended_opportunity}}

Justification: {{recommendation_justification}}

Next Steps: {{next_steps}}

Approval

Approved By: {{approver_name}}

Title: {{approver_title}}

Date: {{approval_date}}

Signature: __________________________