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Entrepreneurship Research
There are many activities and decisions involved in planning, starting, and operating a new business. These include:
- Idea Generation: Identifying a new service or product that presents a good business opportunity
- Feasibility Study: Undertaking market, industry, competitive, and financial analysis to determine feasibility
- Writing a Business Plan: defines your basic product, income objectives, management team, competition, and specific operating procedures. It details the what, when, where, why, and how of business.
- Choosing a Legal Form of Business: sole proprietorship, a partnership, or a corporation.
- Obtaining Financing: debt vs. equity.
- Selecting a Location: best location based on population and demographics, competition, and facilities such as parking etc. Also, one must consider renting versus buying a business site.
- Registration and Licensing: getting the requisite licenses and permits required by your city, county, or state.
- Promoting the Business: Advertising options
- Growing the Business: through increased market penetration, product development, franchising, and joint ventures.
This guide identifies key resources for conducting research related to small business and entrepreneurship. Use the tabs above to access relevant portions of the guide. Also, consult the Company, Industry, and Marketing Guides (links on left) for related information.
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