A 5-Step Reality Check for Inventors — entrepreneur.com

Inventors get lots of ideas for products.. It’s more difficult to have that idea generate more money than the cost of bringing the idea to the market. Using an idea checklist evaluation tool can help you determine the feasibility of bringing your idea forward. The idea checklist evaluation focuses on five essential aspects of an idea, each rated between 1 and 10. If the total cumulative score for your idea is less than twenty points, the idea should not be considered as feasible. A score between 20 to 35 indicates potential caution with proceeding, and a score of 35 or higher indicates strength towards proceeding with further discovery.

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