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Part II: Elements of the Scorecard > Conclusion of the Coin-Operated Laundry

Conclusion of the Coin-Operated Laundry

It’s time to complete the Innovator’s Scorecard. For the 44 Scorecard elements, we multiply each element’s score by its weight factor. Taking the sum of the 44 weighted scores and dividing it by 860 (the maximum score possible) gives us our score as a percentage of the maximum. (See Appendix V for the scoring details.) This percentage indicates whether we should move forward with our business or whether we need to dig deeper.

The first cut on this business is a very respectable 57.09%. Now we go over the low scores to determine how and where to make adjustments necessary to bring your little business into reality. Yes, you flunked, but not so badly that you need to abandon the idea, yet.


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