Please type answers to the following questions:

Question #1: What is the size of the problem that your new venture intends to solve? Please provide the estimated number of people (or other buyers, if not people) who will have the problem and multiply that number by the price you believe they will pay for your solution. Please support your data with sources if possible.

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Question #2: Description the solution that your new venture intends to create and convey to the problem. Provide answers to there supplemental questions as well. Is the solution patient able? Have the patents been applied for? If so, what dates(s) were they applied for and in what countries? Is your solution just to market? If it is not just to market, who is the competition?

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Question #3: Have any members of your entrepreneurial team been involved in the launch of a new product or service in an entrepreneurial or large corporation environment? Please explain. If the answer is “No”, please explain the business experience of members of the entrepreneurial team. If a mentor is involved, please provide his or her background.

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Question #4: Are the potential consumers of your new venture's innovative product or solution aware that they have the problem for which you intend to offer them a solution” If so, please explain the factors that have created this awareness.

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Question #5: Will the consumers of your new venture's solutions accept a standard product or service, or will you have to customize it? Feel free to explain you answer.

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Question #6: Explain how you intend to convey the solution to those who have the problem? Does the business model contemplate a sales force? Will the sales force require aducat4ed, skilled, experienced people?

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Question #7: Is there a restriction that must be removed before the product or service can be introduced to the market? An example would be the United States Food & Drug Administration that must approve all new drugs and medical devices prior to their sell in the U.S.

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Question #8: Will marketing the project or service require advertising on a grand scale, or will the benefits of the product or service get passed along by word of mouth?

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Question #9: Can the new venture be built stone by stone quietly, or will news either leak out to possible competitors accidentally or intentionally, the latter, because of the company being publicly held or the subject of publicity and conversations with the press?

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Question #10: Does the product or service have a relatively high gross profit margin - above 80%, for instance – so that there will be considerable cash flow to deploy toward marketing? Please explain.

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Question #11: Does the business model if your new venture provide for payment in advance by customers?

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Question #12: How many cash flow channels does your business model allow? Please list and describe each.

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Question #13: Does the business model of your new venture contemplate a user's group or association - based marketing? Please explain.

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Review all of the questions and your answers to them. If you are pleased with the answers, click the button marked “Completed Questionnaire”.