Innovate

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?

“The Florida SBDC at FIU and PTAC have been instrumental for me and my business every step of the way. The PTAC has provided unlimited resources that as a small business I never had access to. Similarly, the Florida SBDC at FIU has opened doors to unlimited potential for my small business. It has taken great relationships with organizations like the Florida SBDC at FIU and PTAC for my company to be successful. To these great organizations, on behalf of my firm and family – I say thank you. ”

- Jacquin P. Gilchrist, Esq. - The Gilchrist Law Firm, P.A.

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