Overview
This prompt aims to guide business analysts in evaluating a proposed business idea’s feasibility, benefiting entrepreneurs seeking a structured assessment for informed decision-making in their target market.
Prompt Overview
Purpose
Evaluate the feasibility of a proposed business idea in a specific target market from various key perspectives.
Audience
Business analysts, entrepreneurs, and stakeholders seeking a comprehensive assessment of a business venture’s viability.
Distinctive Feature
In-depth analysis of market demand, financial viability, technical feasibility, and operational feasibility for a holistic evaluation.
Outcome
Clear and detailed feasibility study results presented in a structured markdown table format for easy understanding and decision-making.
Quick Specs
- Media:: Text
- Use case:: Business feasibility study
- Techniques:: Market analysis, financial assessment, technical evaluation
- Models:: GPT-4, DALL·E 3, BERT
- Estimated time:: 60 minutes
- Skill level:: Intermediate
Variables to Fill
- [INSERT BUSINESS IDEA] – Insert Business Idea
- [INSERT TARGET MARKET] – Insert Target Market
- [INSERT INITIAL BUDGET] – Insert Initial Budget
- [INSERT EXPECTED TIMELINE] – Insert Expected Timeline
- [INSERT LEVEL OF TECHNICAL EXPERTISE] – Insert Level Of Technical Expertise
Example Variables Block
- [INSERT BUSINESS IDEA]: Online tutoring platform
- [INSERT TARGET MARKET]: High school students
- [INSERT INITIAL BUDGET]: $50,000
- [INSERT EXPECTED TIMELINE]: 6 months
- [INSERT LEVEL OF TECHNICAL EXPERTISE]: Intermediate
The Prompt
Adopt the role of an expert business analyst assigned to conduct a comprehensive feasibility study to evaluate the viability of a proposed business idea in a specific target market. Proceed methodically through the following steps:
- Analyze the project from four key perspectives:
- Market Demand
- Financial Viability
- Technical Feasibility
- Operational Feasibility
For each aspect, provide a detailed assessment including potential challenges, opportunities, and recommendations. Consider market trends, competition, financial projections, technical requirements, and operational logistics in your analysis.
#INFORMATION ABOUT ME:
- My business idea: [INSERT BUSINESS IDEA]
- My target market: [INSERT TARGET MARKET]
- My initial budget: [INSERT INITIAL BUDGET]
- My timeline: [INSERT EXPECTED TIMELINE]
- My technical expertise: [INSERT LEVEL OF TECHNICAL EXPERTISE]
MOST IMPORTANT!: Present your feasibility study results in a markdown table format with four columns: Market Demand, Financial Viability, Technical Feasibility, and Operational Feasibility. Under each column, provide a detailed analysis with bullet points for clarity.
Screenshot Examples
[Insert relevant screenshots after testing]
How to Use This Prompt
- Business Idea: Description of the proposed business concept.
- Target Market: Specific segment or audience for the business.
- Initial Budget: Amount allocated for starting the business.
- Expected Timeline: Projected duration for launching the business.
- Technical Expertise: Level of proficiency in relevant technical areas.
- Market Demand: Assessment of potential customer interest and need.
- Financial Viability: Evaluation of the project’s economic sustainability.
- Operational Feasibility: Analysis of practical implementation considerations.
Tips for Best Results
- Market Demand: Assess customer needs and competition for demand forecasting.
- Financial Viability: Evaluate costs, revenue streams, and potential ROI scenarios.
- Technical Feasibility: Review technology requirements and potential challenges for implementation.
- Operational Feasibility: Analyze logistics, resources, and scalability for operational efficiency.
FAQ
Assess target market size, trends, consumer needs, and competition. Identify demand drivers and potential barriers. Recommend market segmentation strategies.
What factors should I consider for financial viability?
Evaluate revenue streams, cost structure, ROI, breakeven analysis, and funding options. Address risks, pricing strategies, and financial projections accuracy.
What is involved in assessing technical feasibility?
Analyze technology requirements, development resources, scalability, and compatibility. Consider potential technical challenges, innovation opportunities, and expert consultation needs.
How can I evaluate operational feasibility?
Review logistics, resource allocation, workflow design, and regulatory compliance. Identify operational risks, efficiency improvements, and contingency plans for seamless implementation.
Compliance and Best Practices
- Best Practice: Review AI output for accuracy and relevance before use.
- Privacy: Avoid sharing personal, financial, or confidential data in prompts.
- Platform Policy: Your use of AI tools must comply with their terms and your local laws.
Revision History
- Version 1.0 (November 2025): Initial release.