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 UCF was there when we needed them,” Neal Crosier concluded. “I take my hat off to them. Every time I reached out to them, I received an immediate response or, if they didn’t have the answer, they found it for me fast. They gave us excellent, really excellent service. I didn’t imagine it would be that good. But it was, and helped us a lot.”

- Neal Crosier, Owner- Popcorn Junkie

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