Assess Your Idea

It is important that you determine whether you possess the characteristics necessary to start a business.  In order to develop your business idea into a feasible product or service, thorough assessment and market research early on will help you establish whether there is a market for your business idea.  This is a critical part of building a business. 

Do You Have What it Takes?

Deciding whether or not to start a new business can be one of the most difficult decisions a person faces in life. The consequences are widespread, the impact is deep, and the required commitment is immeasurable. It takes passion, motivation, dedication, and skill. It also takes research and planning. Take time beforehand to explore and evaluate your personal and business goals, then use this information to decide whether entrepreneurship is for you.

The SBTDC’s Startup Guide provides the key steps in determining the feasibility of your business. It also provides helpful information on how to define your business idea and refine the concept.

Protecting Your Idea – The SBTD’s “Intellectual Property Guide” is for the independent inventor or small business company with little knowledge of how to develop ideas into licensable patents or commercial products.  This guide answers the most common questions and provides guidance on commercializing an invention.