You know who you are: that out of the box thinker who constantly has a million ideas going around in your head and this is the important part for the quick start entrepreneurs out there, do your research! In other words, before moving ahead with functions of the business you need to research the viability of the business. Is there a need for the service? Is there an established market for the service?
A quick way to get an idea of the consumer demand come up with product/service ideas. You can do a casual survey by interacting with people in your community or set up an e-mail survey that can be sent to your contacts. There are several companies online that offer this type of service.
It is also important to do a cost analysis. You can start by researching the advantages and marketing costs. From these numbers you can identify what kind of loans or investor funding you may need to start the business. This step will also enable you to see if the business’ future profits will be lucrative enough to cover the start up costs.
If all of this seems very overwhelming, don’t give up! There are many resources on a local and training service.
And for those of you who know themselves very well and customer service plan. Whether you do it alone or with a partner, taking time to plan at the beginning will save lots of frustration in the future.
Laura Tirello is a Career and personal lives. Are you looking for ways to turn your ideas into goals for 2010? I am offering a free teleclass on “The Idea Web: Choosing the Right Ideas for Your Success”.