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?
TESTIMONIAL
"10 years ago I only dreamt of owning a prosperous restaurant and hotel. The AK SBDC took the overwhelming start-up issues and helped me break them down into practical steps. The AK SBDC's coaching and mentoring over the years led me to success and thriving stability. I cannot begin to express my gratitude and recommend anyone starting a business to make their first step through the doors of the AK SBDC!"
Alice Paulsen, Owner
Mykels Restaurant & Lounge
Soldotna
