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Worksheet_Business Selection

This worksheet assists businesses in evaluating and selecting new business opportunities or ventures. It provides a structured approach to assess various factors before committing resources.

Updated 15d ago
business selectionnew ventureevaluationopportunity analysisstrategic planningdecision making

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

1. Business Opportunity Overview

1.1. Opportunity Title: {{opportunity_title}}

1.2. Brief Description of Opportunity: {{opportunity_description}}

1.3. Date of Assessment: {{date_of_assessment}}

1.4. Assessor(s) Name: {{assessor_name}}

2. Market Analysis

2.1. Target Market Identification: {{target_market}}

2.2. Market Size and Growth Potential: {{market_size_growth}}

2.3. Key Competitors and Their Market Share: {{competitors_market_share}}

2.4. Customer Needs and Preferences Addressed by this Opportunity: {{customer_needs}}

3. Financial Viability

3.1. Estimated Start-up Costs: {{startup_costs}}

3.2. Projected Revenue (Year 1, 3, 5): {{projected_revenue}}

3.3. Projected Profit Margins: {{profit_margins}}

3.4. Break-even Point Analysis: {{break_even_point}}

3.5. Required Funding and Sources: {{required_funding_sources}}

4. Operational Feasibility

4.1. Required Resources (Human, Capital, Technology): {{required_resources}}

4.2. Key Processes and Operations Involved: {{key_processes}}

4.3. Supplier and Distribution Channels: {{supplier_distribution}}

4.4. Scalability of the Opportunity: {{scalability}}

5. Strategic Alignment

5.1. Alignment with Current Business Vision and Mission: {{vision_mission_alignment}}

5.2. How this Opportunity Supports Long-term Goals: {{long_term_goals_support}}

5.3. Potential Synergies with Existing Operations: {{synergies}}

6. Risk Assessment

6.1. Identification of Key Risks (Market, Financial, Operational, Regulatory): {{key_risks}}

6.2. Likelihood and Impact of Each Risk: {{risk_likelihood_impact}}

6.3. Mitigation Strategies for Identified Risks: {{mitigation_strategies}}

7. SWOT Analysis

7.1. Strengths: {{swot_strengths}}

7.2. Weaknesses: {{swot_weaknesses}}

7.3. Opportunities: {{swot_opportunities}}

7.4. Threats: {{swot_threats}}

8. Decision and Recommendation

8.1. Overall Assessment Score (e.g., from a scoring matrix, if used): {{overall_assessment_score}}

8.2. Go/No-Go Decision: {{go_no_go_decision}}

8.3. Justification for Decision: {{justification_for_decision}}

8.4. Next Steps Recommended: {{next_steps}}

Signature Block

___________________________

Manager/Assessor Name: {{manager_assessor_name}}

Date: {{signature_date}}

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