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: a compass
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“Creativity comes from trust. Trust your instincts. And never hope more than you work.”
—Rita Mae Brown
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Business Idea
You have a great concept but aren't sure what steps to take next.
Here are some steps to get you going.
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1: Your Idea
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- What is your business idea?
- What products and/or services will you offer?
- Are you starting a new business, buying an existing one, or buying a franchise?
- Will you need to protect intellectual property through trade name, trade mark, copyright and/or patents?
2: Is Your Idea Feasible?
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- The characteristics of a successful entrepreneur
- Are you ready to be in business?
- Do you have the skills, experience and time?
- How much money will it take and can you raise it?
- What are your strengths and weaknesses?
3: What is Your Market?
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- Who is your target market, how big is it, and where is it located?
- Is there sufficient demand for your product or service?
- Who is your competition and what are their strengths and weaknesses?
- Why will people purchase your product or service versus your competitors?
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Need more help? Get free and confidential business advice from an experienced BizCenter advisor- in person and on-line. Register now
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