Business Plan - Concept Check

Business Plan - Concept Check
Product Code: BP_01
Qty: Add to Order

It is easy to get started.

  • Add this service to your order and the upload form will appear.
  • Fill it out and upload your business concept document.
  • Successful checkout will start the analysis process automatically.
  • You will receive your analysis document in 4-7 days via email.

There are basic deliverables that are always present in the output from this service. This foundation can be seen below:

  • Project Market Size
  • Risks and Exposure
    • Risk Profile
    • Exposure Analysis
    • Acknowledged Challenges
  • Assumptions
    • Business Assumptions
    • Volumetrics

Additional deliverables may be added to the output, based on the findings of the specific analysis.

Can your idea become real?


The Business Plan - Concept Check is a review of your idea of a new business or an expansion of an existing one. The concept is analyzed against the extensive data in the SIL heuristic database, mining revenue and social media data to provide data-driven feedback.

SIL's report provides an evaluation and commentary along with the SCARE and characterization matrices for the idea. The concept is also reviewed against any stated target market to highlight areas of match or miss. 

Some concepts that have been evaluated by this service are:

I want to start a Moroccan restaurant in central Minnesota

  • Analysis report summary – Good idea, great market. Listed 11 critical success factors, two crucial failure factors.
  • Commentary included: Open hours are critical to success. M-T-Th 11 AM to 9 PM, F-S 11 AM – 11 PM, Sunday 4 PM – 9 PM. Early diner discounts effective on weekends. Specific day discounts good for older diners, families. 

We are thinking of expanding our business to include specialized motorcycle painting.

  • Analysis report summary – Good idea, bad location. Better location would be approximately 2 miles away in specific area. Six critical success factors were identified along with 7 crucial failure factors.
  • Commentary included: Transportation option is a critical service and must include the dropping off and picking up of customers. Catalog of finished designs also critical, with high-quality video presentation the best option. Additional advantage to several examples on targeted cycles with textural aspect.
Engagement Model
Data CollectionUpload
Update FrequencySingle
Project Form
ExecutionSingle execution
Output Form
Size Range2-10
Level of DetailSubmission specific
Timing and Schedule
Client Time ContributionMinimal
Project Length1 week
Delivery MechanismEmail
Contract FormFixed bid
Payment ScheduleUpon submission

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