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?