The 2-Minute Opportunity Checklist for Entrepreneurs – HBR

So just answer yes or no:

1. Does your business idea soothe someone’s pain, discomfort, frustration, or dissatisfaction?
2. Are there lots of those people out there?
3. Do these people (or companies, or governments) have money to pay for it?
4. Will they be able to decide quickly to buy your product or service?
5. Does your idea exploit something about you that is outstanding or unique?
6. Are there important assets you have that no one else has? (money, access to customers, technology, leadership skills, execution, location, salesmanship, etc.)
7. Can you think of at least two people who might join you?
8. Do their skills complement yours?
9. Do they have the same values as you do?
10. Do the majority of people whose opinion you highly respect think your idea is a good one?
11. Does at least one person (and not more than three people), whose opinion you highly respect, think your idea is a bad one?
(Link: The 2-Minute Opportunity Checklist for Entrepreneurs – HBR)