How to choose a project?

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.

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