Tuesday, November 11, 2008

Evaluating Your Business Idea

Our pals at JJ Hill Library are touting this tool developed by the Missouri SBDC:

So you've got a new business idea, have you? Will that idea catch fire with your customers, or misfire? Will you blow away the competition or be overrun by them? Will your idea support your weekly grocery bill?

Get help articulating important questions like these and learn how the answers can inform your nascent business idea with this business evaluation tool... The tool can help you decide objectively whether your idea is worth pursuing.

Some of the other resources on this useful site are specific to MO entrepreneurs, but many are more broadly applicable. Check out this startup expense worksheet, or this detailed financial projections tool (with instructions) by way of example. And may all of your business ideas be pursuit-worthy!

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