Table of contents
Use these pointers to make a quick guess
This step is all about making a rough estimate.
You don't need to choose an accurate number. You just need to choose an order of magnitude.
On a scale of "small" to "huge," how much financial impact might your Valuable Idea have?
$10K = small.
$250K= considerable.
$1m = huge.
Estimating the value of your Idea gets you in the right mindset for moving your Idea forward.
Estimating value also:
Helps you consider the scope and impact of your Idea.
Adds credibility to your Idea pitch.
Helps you and others prioritize improvement Ideas.