Choosing a project is an important step for any start up company. The project owner should check the following points essentially.
- Find out the probability of success with the best consultants and experts who have hands on experience in the related field.
- Explore the effect on development and design resources.
- Study the time to first sales.
- Predict the possible effects upon production resources.
- Estimate the new capital investment required.
- Discuss with your team upon sales and maintainence resoures.
- Justify your turnover.
- Examine the profitability.
- Check the compatibility with the company and its long term plans.
- Study the competitive situtation and market demand.