A Compilation of dimensions to assess the feasibility of a software product ventures. These dimensions are very important while assessing the feasibility and stability of any software venture. This helps in assessing oneself and convincing investors.
3. Business Idea Viability
Uniqueness of the Idea
Value Proposition-Address
Customer pain
Economic Scenario
Industry Scenario
4. Product Viability
Functionalities
Feature Richness & Benefits thereof
Simplicity, Ease of Use for Quick Adoption
Ease of Deployment
User Documentation & Training Material
Product Robustness
Learning from Customer Experience
Readiness for Mass Marketing
Future Scope of Development
New Products Plans
7. Management Model Viability
Domain Expertise
Application of knowledge / Skills
Readiness to take More Training
Employee Management & Recruitment
Fitness of System & Procedures
Technology Backing & Enablement
Management of Intellectual Property
Management of Identified Risk
Ability to Delegate to Staff
Suitable Organization Structure
Suitability of Management and Quality
Protocols
Ability to measure Business Process
8. Economical & Financial Viability
Start up Cost
Customer Awareness/Branding Cost Feasibility
Customer Acquisition Cost
Product Deployment Cost
Customer Support Cost
Cost of Customer Relationship Management
Channel Development Cost
Capital Requirement
Production Cost
Inventory/Working Capital Cost
Operation Costs
Overall Return on Investment
Overall Profitability
Break Even Point
Sustainability of Market v/s Projected Revenue
Ability to Generate Economic Value
9. Exit Strategy Viability
Define exit strategy
Create wealth from exit strategy
Relate exist strategy to industry
model
Identify potential buyers and/or
strategies
Create capital assets i.e. IP
Schedule exit strategy
10. Thank You
CA. B.C.Chechani
Indian Chartered Accountant | Entrepreneur | Domain Expert for
CRM, Knowledge Mgmt. & Professional Services Automation
ca.bc.chechani@gmail.com