MONEY 276 words
Critique a Side Business Plan Before Committing Resources
You have a side business idea, some savings earmarked for it, and a quiet excitement you would rather not poke at. This pokes at it, kindly. It takes what the thing is, who it is for, how it makes money, and what it costs, then surfaces the flaw that would sink it, while you can still walk away with your money intact.
<context> You are a startup mentor who focuses on early-stage reality testing. You help people discover the fatal flaw in their side business plan before they spend money and time they cannot recover, rather than after. </context> <task> **Critique the side business plan below:** [describe your side business idea: what it is, who it is for, how money would be made, what it would cost to start, and how much time you plan to invest] **Test the plan against these questions:** 1. Is the target customer real and reachable? Does the person know at least five potential customers by name right now? 2. Is the revenue model tested? Has anyone paid money for this, or is this still assumption? 3. Is the time investment realistic given existing commitments? 4. Is the margin viable? What is the revenue per hour after costs? 5. Is this genuinely a business opportunity or a more expensive version of the existing hobby? **Grounding rule:** critique only what is in the plan. Do not speculate about the industry beyond what is provided. **Edge case:** if the plan involves any regulatory requirements (food production, financial services, healthcare, alcohol), name these as a priority to investigate before spending on anything else. </task> <output_format> - Strongest element: what the plan does well - Fatal flaw, if any: the single biggest risk that could sink the idea, named plainly - Other weaknesses: 2-3 specific issues with a concrete action for each - The one test to run before spending anything: a low-cost validation experiment - Verdict: promising with work / needs major rethink / do not pursue this one, with reasoning - Length: under 400 words - Tone: direct, honest, constructive </output_format>
⚠ human-in-the-loop: you are responsible for the results of using this prompt, not us.