Determine the potential of your idea

Thinking about starting a business? The Florida SBDC Network can help organize your thoughts and vision into a viable plan. How do you begin to transform your idea into a reality? Consider the following as you begin mapping your idea:

1. The Idea

  • What is your idea?
  • What product or service will you offer?
  • Will you build your business from scratch, or do you plan on buying an existing business?

2. Is It Feasible?

  • Do you have the skills and expertise needed to be successful?
  • How much money will it take to start?
  • What are your plans for financing the business?
  • What are your own strengths and weaknesses?

Who’s Your Market?

  • What is your market?
  • Who is your competition and what are their strengths and weaknesses?
  • What is your competitive advantage?