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Inventory Management Software - Coggle Diagram
Inventory Management Software
Does this idea fit my personal vision?
Personal Vision
Helping others
Community efforts
Positive work experience for employees
Percent of proceeds from user fee go towards their desired charity
Furthering my goal to succeed as an entrepreneur
Building my own business
Self-confidence
Self-worth
Succession plan for my daughter
Learning from success and failures
Financial stability
Providing for my family and future generations
Expense management furthering bottom line growth
Business idea would complement other sources of income
Do I have the talents and skills to implement this idea (or the ability to put together a team that can)? Are the risks associated with this type of venture acceptable to me?
Talents and Skills
15 years experience in business
Sales & Marketing
Beverage Industry
Human Resource
Recruiting ability
Personality Test
Attractive wages and benefits
Board members
CPA
Data Analysis
IT
Risks
Competition
Copy cats
In-direct competition offerings
Price
User behavior
Desire to organize or declutter declines
Software complexity
Financial
Lack of investment capital
Personal investment risk
Are the rewards (personal growth, satisfaction, self-expression, financial, recognition) adequate to offset the risks associated with this venture?
Rewards
Personal Growth
Adapting as a person includes both success and failure
Satisfaction
Personal sense of accomplishment offsets risk
Self-Expression
Building my own positive culture offsets risk
Financial
Business idea would complement my existing income
Recognition
Community recognition for giving back is worth risk
Industry recognition builds reputation