Short answer
A market can look attractive while the decision remains exposed. The checklist should test the assumptions that would change enter, wait, partner, or redirect.
Define the entry decision
The first step is to name the move under consideration: enter directly, partner, acquire, sequence investment, delay, or redirect. That decision determines which evidence deserves review.
Pressure-test six evidence lanes
MI looks at demand evidence, local competitors, substitutes, regulatory posture, route-to-market options, partner incentives, and operating constraints. The goal is to identify which assumption is strongest and which one could break first.
Use the checklist as a gate
The output should not become a broad market report. It should support a gate decision: proceed, wait, narrow the market, change the partner strategy, or set a watch before committing.
