Can you describe your business idea?

Explain You Idea

What do you think of your business idea?

MYVIRTAS

Question 1

How clear is the purpose and vision of your business idea?

Single Choice

Unclear or poorly defined purpose and vision.

Somewhat clear but lacking specificity or appeal.

Clear and well-articulated but may lack detail.

Exceptionally clear, compelling, and aligned with trends.

MYVIRTAS

Question 2

How well does your business idea solve a real need?

Single Choice

Addresses a trivial problem or need

Addresses a real problem, but not pressing

Solves a significant problem for a notable segment

Addresses a critical, widespread problem or intense need

MYVIRTAS

Question 3

How strong is your customers' buying power?

Single Choice

Target customers lack financial means

Moderate buying power

Sufficient buying power without financial strain

Affluent customers with substantial disposable income

MYVIRTAS

Question 4

How willing are customers to pay?

Single Choice

Little to no evidence of willingness to pay

Some indication but not strong

Solid evidence for a good portion of the market

Overwhelming evidence of eagerness to pay

MYVIRTAS

Question 5

How large is the market and its demand for your product?

Single Choice

Small or sporadic demand

Moderate size and stable demand

Large market with consistent demand

Vast market with robust, constant demand

MYVIRTAS

Question 6

How many substitutes are there for your product?

Single Choice

Many substitutes

Moderate number of substitutes

Few substitutes

No substitutes

MYVIRTAS

Question 7

How low is the competition in your market?

Single Choice

Saturated with strong competitors

Moderate competition

Competition exists but is weak

Very low competition

MYVIRTAS

Question 8

How does your product or service compare in terms of quality or cost?

Single Choice

Not significantly different

Somewhat better, faster, or cheaper

Noticeably better, faster, or cheaper

Significantly better, faster, or cheaper

MYVIRTAS

Question 9

Can you bring your product to market in less than 12 months?

Single Choice

Significantly more than 12 months

More than 12 months but less than 18

Within 12-15 months

Within 12 months or less

What do you think of your business idea?

MYVIRTAS

Question 10

How innovative or disruptive is your business idea?

Single Choice

Lacks innovation

Introduces some new features

Innovative with potential to disrupt

Highly innovative and likely to significantly disrupt

MYVIRTAS

Question 11

How easily can your business model be scaled?

Single Choice

Untested or difficult to scale

Somewhat scalable

Scalable with some proof of success

Highly scalable with strong track record

MYVIRTAS

Question 12

Does your business have recurring revenue streams?

Single Choice

Relies on one-time sales

Some recurring revenue streams

Significant portion from recurring sources

Primarily based on recurring revenue

MYVIRTAS

Question 13

Is your management team experienced and strong?

Single Choice

Lacks experience and success

Some relevant experience

Experienced with some success

Highly experienced with strong track record

MYVIRTAS

Question 14

Do you and your team have substantial industry experience?

Single Choice

Little to no experience

Some experience

Substantial experience

Extensive experience and deep knowledge

MYVIRTAS

Question 15

Is your business idea aligned with current trends and optimal timing?

Single Choice

Misaligned with trends or timing

Somewhat aligned but timing may not be optimal

Aligns well with trends and good timing

Perfectly aligns with trends and ideal timing

MYVIRTAS

Question 16

Do you have a strong ability to execute your business plan?

Single Choice

Significant execution challenges

Moderate ability to execute

Good ability with minor challenges

Strong ability to execute effectively

MYVIRTAS

Question 17

Are you and your team passionate about this business?

Single Choice

Little to no passion

Somewhat passionate

Passionate and committed

Extremely passionate and highly committed

What do you think of your business idea?

MYVIRTAS

Question 18

Is there a clear and viable path to generating revenue?

Single Choice

Lacks clear monetization strategy

Somewhat clear but may have gaps

Clear and viable path

Well-defined, robust, and proven path

MYVIRTAS

Question 19

Does your business have a low breakeven point and manageable risks?

Single Choice

High breakeven point and significant risks

Moderate breakeven and manageable risks

Relatively low breakeven with moderate risks

Very low breakeven, minimal risks

MYVIRTAS

Question 20

Does your business have high profit margins?

Single Choice

Low profit margins

Moderate profit margins

High profit margins

Very high profit margins

MYVIRTAS

Question 21

Do you have a clear and detailed marketing strategy?

Single Choice

Unclear or non-existent strategy

Somewhat clear but lacks detail

Clear and well-defined strategy

Exceptionally clear, detailed, and robust strategy

MYVIRTAS

Question 22

Is your business well-financed with sufficient funds for growth?

Single Choice

Inadequate financing

Some financing but faces constraints

Adequate financing for initial stages

Well-financed with sufficient funds for growth

MYVIRTAS

Question 23

Does your business have a sustainable competitive advantage?

Single Choice

No clear competitive advantage

Some advantage but not sustainable

Sustainable competitive advantage

Highly sustainable and robust advantage

MYVIRTAS

Question 24

Are the barriers to market entry significant?

Single Choice

Minimal barriers

Some barriers but not significant

Significant barriers

Very high barriers

MYVIRTAS

Question 25

Is there a viable and attractive exit strategy for investors?

Single Choice

Lacks viable exit strategy

Somewhat viable but lacks clarity

Clear and viable strategy

Highly viable and attractive strategy for investors

Validating your business idea ...

# Criterion Weight Score Weighted Score Choice Suggestion Significance

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