methods of analysis for a behavioral health entrepreneur
What methods of analysis should a behavioral health entrepreneur use to determine which strategies are the best for his/her business? Why?
This is intended to convey a concept and have each prospective customer detail all activities, possibilities, and recommendations related to that idea.
To assist define the best proposals, the product developer gathers all of the ideas and plots out tasks and timeframes.
To determine the validity of an idea, this is a systematic forecasting process that relies on the opinions of independent experts. This method has helped me determine the viability of a suggested idea in a certain industry on numerous occasions.
Evaluation of the Idea Checklist
This is a strategy for evaluating an idea by asking a series of precise questions about the idea and market. For a great checklist of new product considerations, go to Princeton Creative Research.
Perform a cost-benefit analysis.
This is another strategy I’ve used with innovators who are weighing numerous options.
This is a cost analysis to see if the project should be pursued.
This strategy is based on the adage that “two heads are better than one.” You present several ideas to various groups and ask them to vote on the best ideas to pursue based on unique characteristics and interests. If you have multiple ideas that you want to present to a focus group to pique their interest and perception, this is a wonderful method to use.
This is a tool for graphing alternative decisions and consequences between different activities to determine which actions have the best chance of succeeding given the available resources, cost, and time.
Repetition of the Awareness Trial and Availability
This is used at all stages of product development, but it’s most useful when evaluating a product’s market before it’s launched.
Reasons:
- To assist you in making important decisions.
- To stay away from major blunders.
- To demonstrate the business’s feasibility.
- To better define goals and benchmarks.
- To obtain funding.
