One of the most important things to do before starting your own business is to determine whether or not your business idea is feasible. To accomplish this, you must plan and research your idea to ensure that your business has a favorable chance for success, will meet your expectations, and will provide an adequate reward for the risk involved. It is wise to validate your beliefs about your plans through research and careful planning because you will not have time to do it once you start your business.
In addition, the ASBTDC offers some excellent resources to assist you in the evaluation and planning process. Action steps for starting a new business as well as information and tools are available on the ASBTDC web site under New Businesses.