Ideas are everywhere. Before you bootstrap, seek support and take the time to research. Consider what the right opportunity is for you. For example, you don’t have to start from scratch. A franchise may be the right the choice because of the built-in support.
- 10 Steps to Start Your Business (Entrepreneur Magazine)
- Evaluate Your Idea checklist (Princeton Creative Research)
- Buying a Franchise (Entrepreneur Magazine)
- Franchise Opportunities (International Franchise Association)
- Buying an Existing Business (SBA)
So, you have a great idea for a product or service. But who is your customer? While preparing your startup endeavor, research and understand the market that you are entering. Use the Resource Navigator to find a program that provides market research assistance.
Many support organizations have classes and workshops for all types of entrepreneurs. Be sure to explore the Calendar of Events to find an event near you.
The Small Business Development Center offers no charge one-on-one business appointments to the public. To find your nearest office, use the Resource Navigator.
Work in the Industry
If you’re considering starting a business, it may make sense to work in a similar business or at least in the industry sector you are interested in before starting your own business. There are dozens of companies that have been started by entrepreneurs who first worked for a company prior to starting their own business in the same industry. This strategy allows entrepreneurs to build significant experience as well as develop a network of potential customers, suppliers and other partners that can help them build their startup.