- Who is your customer?
- What are their needs and why will they buy your product or service?
- How can you prove that the need exists--either through an existing market or a proof of concept?
- What is the customer willing to pay for your product/service and how do you know they are willing to pay this amount?
- Once you have built your business (presumably that's why you need the money), what will it take for you to deliver your product or service on an ongoing basis?
- What is the estimated cost to deliver your product/service to the customer on an ongoing basis?
- What am I buying for my investment? In other words, what will I "own" when you are finished spending my money?
- What additional investment will be required once you burn through the initial capital investment?
- What would it take to do it for less? Could we invest less and learn more before committing the full amount of capital?
- If I believe in the above business model, why should I believe that you are the ideal person/team to build it for me? Would I be better off investing in the business model with someone else?
Why Your Idea Isn't Worth Anything | Inc. 5000
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
