Chapter 8: Part 5 (Pages 9-10)

TRIM Framework

It is a planning tool that pinpoints the kinds of people essential to form the founding team, the resources at hand and required, the fine points of the idea, and the possible market for the product or service.

Back of the envelope/napkin plan

A quick and rough estimation of a business or product idea that is written on any accessible scrap of paper such as an envelope or napkin.

Business model canvas

A visual chart with elements describing a business' or product's value proposition, infrastructure, customers, and finances.

Business brief

A document that offers the explanation on the reason why a particular model leads to success in a given scenario.

Feasibility Study

An assessment on the viability of a proposed project or system. It that takes into account all of a project's significant factors such as economic, technical, legal, and scheduling concerns.

Executive Summary

The most important page/s of the study is a brief narrative describing details of the project, product, service, plan, or business which stakeholders read with interest.

Clear Project Description

A outline of the project as it is defined for the study can provide stakeholders the answer to their questions and help them know the results.

Competitive Landscape

A review of the strengths, weaknesses, opportunities, and threats encountered by the venture under study.

Operating Requirements

Here the entrepreneurs can use this point in the report to remain distinct, concentrated, and balanced about a venture's real needs.

Financial Projections

Most investors are interested over the financials in a feasibility study to make certain that a venture can generate the kind of ascendable profits that merit their approval.

Recommendations and Findings

This is the summary of all of the previous feasibility study elements.

Pitch Deck

The first communication instrument that provides an overview of the business to raise funds.