Evaluate Your Idea

Ideas are everywhere. Successful entrepreneurs know that not every idea is a good business opportunity. Before you bet the ranch on your idea, take time to research who will buy your product or service and what competition you will face.

• Inc.com provides a short article to help determine if your Business Idea is Feasible.
  
• The Small Business Administration (SBA) provides a checklist to start and run a business. 
• Answer these 14 questions to determine your RAMP: Return on investment, Advantages, Market and Potential. 
• The Evaluate Your Idea checklist, created by Princeton Creative Research, outlines a series of questions to help you determine if your idea should be launched into a business. 
• Entrepreneur Magazine presents a concise summary of the pros and cons of Buying a Franchise.