The Big Question
Want to know if your startup will succeed? Now you can find out.
If you aren't sure whether your business idea will translate
to a successful venture, take a look at ShouldIStart.com.
As the moniker suggests, the website is built to help you answer
that key question before jumping headfirst into
entrepreneurship.
"The site allows visitors to customize a business report,
specifically for their own business concept, that aids in
determining their proposed business's economic viability--all
before spending one cent on the idea," says founder Daniel
James Scott, 27.
The site's main feature is the Integra Startup Intelligence
Report, which was created with help from Integra
Information. ShouldIStart.com asks six questions and generates
a report covering four areas: a brief summary, the industry your
business fits in, the business concept and the startup plan.
You'll need to do a bit of research beforehand, such as
determining what your target market will be. You also need to know
the NAICS and SIC codes for your business--the site has a search
function so you can find the codes in its database.
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Ultimately, the report can give you a glimpse of how realistic
your idea is by showing you some hard numbers, such as how much
money you'll need for startup, what kind of competition
you're up against and how they're doing, and how long it
might take you to generate an actual profit.
Everything is confidential, the results are instant, and the
service is free, which means you can always go back and do the
report again.