Going into any business requires time and some assessment of potential profits to be made. The entreprenueur may want to ask him/her self some of these questions:What benefit does the product or service offer?
Is the need real?
How difficult will it be to execute?
Can customers afford it?
Does it have a natural sales appeal?
Who are your competitors?
How complex is the product? Can you develop the prototype
youself?
How easily can it be copied?
How much will it cost to produce?
Evaluate your answers, explore the prospects. Talk to people. Learn about trademark in the use of logo, name in the trade. Know what copyright laws are available to protect your rights as the creator of your work.
Document as much of your ideas and work as possible. Keep a journal with dates listed. I like spiral notebooks, because all writing is kept in a logical order.
