Ideas are everywhere. Successful entrepreneurs know that not every idea is a good business opportunity. Before you bet the ranch on your idea, take the time to research who will buy your product or service and what competition you will face.
- 10 Steps to Start Your Business (Entrepreneur Magazine)
- Evaluate Your Idea Checklist (Princeton Creative Research)
- Buying an Existing Business (SBA)
Understanding your market, your competition and your industry, etc. will help to make sure your products and/or services are on the mark. While preparing your startup endeavor, be sure to research and understand the market that you will be entering. Use the Evergreen BizLink Resource Navigator to find a programs that provide market research assistance. Local libraries are also an excellent place to start.
Many support organizations have classes and workshops for all types of entrepreneurs. Nonprofits, public and academic partners provide business classes for startups and business owners who are operating beyond breakeven and wanting to become more stable. There are also classes for businesses that want to grow and sell to the government, grow their customers nearby or even sell the foreign markets.
It may seem that taking time to take business training classes will take time away from your company. But what many business owners will share is that investing time and energy in the operation of their business actually gives them more time and helps them work smarter.
Business Counseling and Technical Assistance
Business counseling support is available for free from the Small Business Development Centers (SBDCs) throughout Washington. Business technical assistance is also offered at low or no cost by nonprofit Microenterprise Development Organizations that provide ongoing technical assistance to businesses. These partners are here to help you prepare for success.