Following the ‘Doability Chart’ laid out in Effectual Entrepreneurship, the five of us have decided upon the following criteria in order to decide upon a business venture:
- Is it doable?
- Can we accomplish it with our skills in two months with $100? (Or do we know people can and are wiling to help us accomplish it?)
- Do we have the technology and marketing knowledge and capabilities to achieve this?
- Is there an audience/market for this?
- Is it worth doing?
- For the $? For our grad school student sanity?
- Will we break even?
- How many hours a week can we each commit to this project?
- We promise to respect each other’s time!
- Can we do it?
- Do we have the skills, time, resources, social capital to make this happen?
- We will respect each other’s limitations!
- Do we want to do it?
- We are striving for 100% consensus.
- We promise to be genuine and honest about our passions!