Think

Investigate the potential of your idea

Are you thinking about your own business and looking for the resources to assist you in turning your idea into reality? The Alaska SBDC will assist you in organizing your thoughts and vision into a viable business plan. We have the resources and expertise to help you to realize entrepreneurial dream.

How do you develop your idea into something that may turn into a business? Consider the following as a business idea draft:

1: The idea:

What’s your idea?
What will your product or service that you’ll offer?
Will your business be built from scratch, or do you plan on buying an existing business?

2: Is it feasible?

Do you have the skills or experience to be successful at this business?
Do you know how much money it will take to start?
What are your plans for financing the business?
What are your own strengths and weaknesses? Be honest with yourself.

3: Who’s your market?

Who will be your market?
Who will your competition be and what are their strengths and weaknesses?
If you don’t think you have competition, are you sure? If that’s true, is the product or service really wanted?
What’s unique about your business that will make people want to buy from you instead of this competition?

Small Business Life Cycle

TESTIMONIAL

Profit Mastery

"My business will be 14 years old on April 14th and even though I have had some accounting courses over the years, this course is going to help me pull it all together. Tom lets us stop and ask questions and is patient as we figure out the answers. And what a perfect time for me to do this class--the best is yet to come."

Joy Leedham
Home Optics
Anchorage, AK

Learn about Profit Mastery »

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A Network of Programs

The Alaska SBDC, along with its network of programs, provides low-cost business resources and services to Alaskan entrepreneurs. We've been serving Alaska since 1986.