Welcome to the Idea Validator

This tool will help you to validate your startup idea and gives your perspective on the feasibility of the idea. This tool is based on the methodology created by Arnab Ray which looks into various aspects of your startup idea. The focus areas of this tools are given below. Each focus areas have 5 questions. So let's start!

Note: This is just an indicative tool. This in neither way or form ensures the success or failure of an idea.

Read the instructions carefully

This tool is an automated tool so the analysis will be dependent on your responses. Ensure you answer all questions objectively and realistically to get the correct analysis.

This tool is an indicative analysis based on self assessment and doesn't guarantee any success or failure. We are not liable for any claims resulting out of any events based on the analysis.

The questionnaire has 6 focus areas, 5 questions each and all are mandatory. Each questions is aided with an explanation. If you still need assistance understanding any questions email us at ray@arnab.co. Each question comes with an option to recommend additional responses, feedback or remarks. (Optional)

We will not share your idea with anyone and will treat it as confidential.

Please fill your startup details

The Idea

How innovative is your idea?

Innovation doesnt necessarily mean invention & not all successful businesses have to be innovative.

If you want to add another option or remarks for this question please add below:

The Idea

How unique is your idea?

Uniqueness is an advantage but not a necessity.

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The Idea

Is your idea disruptive or an improvement on existing business?

Disruptive business changes the business completely while improvements makes existing business better.

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The Idea

How easy is it for others to replicate your idea?

Consider existing businesses, competitors and new entrants.

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The Idea

How complex is your idea from the customers point of view?

Would you require additional efforts to educate your customers on you product and services?

If you want to add another option or remarks for this question please add below:

You - The Entrepreneur

Do you have the knowledge and skillset to implement the idea?

Knowledge across all business functions (operations, finance, marketing, manpower, technology)

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You - The Entrepreneur

Do you have the passion to do this for the rest of your life?

Everything seems exciting at the start.

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You - The Entrepreneur

Do you have an in-depth knowhow of the industry?

Knowledge about how the industry and other competitor operates.

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You - The Entrepreneur

Evaluate your motivation to pursue this idea?

Prioritize your motivation for this idea. Do you have a back up plan? Is this your first priority?

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You - The Entrepreneur

How suited are you to implement this idea?

Analyze objectively if you are the perfect candidate to run this business.

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The Market

Analyze the market need of your idea?

Analyze the need of your business from the customer's perspective

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The Market

How aware is the customer of this category?

Are people aware of such types of products and/or services or do you have to educate them first?

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The Market

How big is your target segment?

Analyze how many potential customers would buy from you.

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The Market

How competitive is your market?

Analyze the competition to your idea both direct and indirect ones.

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The Market

Is there an alternative in the market to your idea?

Analyze the existing direct and indirect alternatives customers have to your idea.

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The Finances

Do you have a validated revenue model for your idea?

Analyze the revenue sources and how would your business make money?

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The Finances

What is the financial commitment required for this idea?

Analyze the scale of the idea. How much money or investment is required to implement this idea?

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The Finances

Would you need external funding to start this idea?

Analyze your funding source - own investment, bootstrapping, external funding?

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The Finances

How soon can you generate revenue for your business?

Analyze when will you be able to earn through your business

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The Finances

How soon can you generate profit for your business?

Analyze when will you reach the break even point.

If you want to add another option or remarks for this question please add below:

The Resources

Do you have enough contacts to start selling your products & services?

Analyze how strong is your network in the industry.

If you want to add another option or remarks for this question please add below:

The Resources

How do you plan to handle the technical side of the company?

Technical side includes - Technology, Engineering, Software, Hardware etc.

If you want to add another option or remarks for this question please add below:

The Resources

Would you need additional resources to start implementing this idea?

Can you implement this on your own or would you need a co-founder, consultant or hire people.

If you want to add another option or remarks for this question please add below:

The Resources

Which are the areas you would need external help?

You can mark multiple areas.

Others - Please Specify:

The Resources

Do you have key collaborators and partners for implementing your idea?

Key partners - Distributors, Resellers, Affiliates, Sales Network, Retailers etc.

If you want to add another option or remarks for this question please add below:

The Risks

What is the scale of your idea?

Scale of operations is defined by how big the company can be in terms of projected revenues.

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The Risks

How long is your business or product lifecycle?

Every product / service or business has a life-cycle. Understand and measure the life-cycle of the business. How would the technology or business obsolescence affect your business?

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The Risks

What is the gestation period of your business idea?

The time required between the initiation of the idea and starting the operations.

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The Risks

How volatile is your business?

Let's be practical and objective while analyzing this.

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The Risks

What are the chances of your business failing?

Let's be practical and objective while analyzing this.

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Please fill with your personal data

Please enter correct information as you would be receiving the analysis report on your email. If we find your idea interesting we will get in touch with you for future business support, incubation, mentoring, funding and other offers.

How can we help you?

Please select the services for which you need professional assistance. Our experts will help you to turn your idea into a reality.

Others (Please Specify):