Page 212 - 6 Secrets to Startup Success

APPENDIX A

Startup Readiness Tool

This tool can be used to:
9 Evaluate and improve a founding team’s readiness to
launch a business
9 Calibrate the timing of a startup effort (accelerate or delay)
9 Assess the growth potential of an already established
venture
9 Provoke honest conversations about priority issues among
founders, partners, and investors
9 Pinpoint areas where focused support will increase the
probability of success
As a new or aspiring founder, you can dramatically improve your

odds of success and happiness by evaluating and focusing on the right
fundamentals early in your entrepreneurial journey. The questions
in the following pages are the result of my twenty years of experience
as an organizational consultant, entrepreneur, and investor. They are
designed to help you assess your distinctive set of strengths, oppor-
tunities, and needs, and to identify your priorities going forward:
What important decisions need to be made? What questions need
further research and reflection? What actions must be taken? What
issues must be addressed?

American Management Association • www.amanet.org