How can I evaluate a potential business venture opportunity?

Try answering the following questions ... any doubt, think it out!
  1. Is the venture team really interested in this opportunity? 
  2. Does the venture team have the passion and commitment to create and operate a successful venture with this opportunity?
  3. Does the team have the experience, knowledge, and expertise to transform this opportunity into a viable business venture?
  4. Can the venture team attract the necessary resources (human, technological, financial, physical) needed for to successfully launch and operate this venture?
  5. Can this opportunity lead to a significant value proposition for the prospective customers? 
  6. Will these potential customers buy a significant amount of products and/or services this venture will produce?
  7. Will the products and services from this venture have a significant competitive advantage or differentiation? 
  8. Are these advantages proprietary, and can they be protected?
  9. Can this venture produce and deliver the products and services with a sustainable profit?
  10. Is the expected return on investment for this venture consistent with the risks involved?