This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

Pre-Start-Up Checklist Good idea? Check. Good advice? Check. Congratulations! You're on your way to start-up.

By Karen E. Spaeder

Opinions expressed by Entrepreneur contributors are their own.

The other day, I was talking to someone who is planning on starting a business in the next several months. He was very fired up about his idea and wanted some advice-two very good indications that he's on the right track in starting his business. Having a great idea that you're excited about and seeking counsel are probably the most important elements of starting successfully, so I have no doubt things will go well for this entrepreneur-to-be.

At the same time, I want to stress that your first "great idea" isn't always your greatest. It's so important to be excited about starting a business-that excitement is what will carry you through those dark days, the days of cash-flow blues and empty coffers. But it's equally important to do adequate research to ensure your idea really is worthy of becoming a business. There's nothing worse than putting a lot of time and money into something that ends up being, well, a waste of time.

Talk to everyone you can before starting your business. The would-be entrepreneur I spoke to took a positive step by seeking advice, but I encouraged him to get advice from multiple sources-books, Web sites, trade associations, a local Small Business Development Center and SBA office, legal and financial professionals, people well-versed in putting together business and marketing plans. One of the best ways to get started in this research process is simply by plugging a few search terms into the major search engines (Google.com is my personal favorite) to see what pops up. You might find Web sites devoted to everything related to your idea-if nothing else, you'll have several starting points from which to begin your research. You should also search for information on Entrepreneur.com; we have loads of information made just for you.

The rest of this article is locked.

Join Entrepreneur+ today for access.

Subscribe Now

Already have an account? Sign In