You’ve got a great idea. But negotiating your way from the invention you first sketch out on a napkin to a successful product can be daunting.
Laying careful groundwork can make all the difference in whether your invention ever makes it to market. “I’m continuously surprised by the number of entrepreneurs who throw a product up on the wall and see if it sticks,’’ says Professor Tim Faley, managing director of the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan.
One of the most important steps in the process of Starting a Business is creating a Business Plan. We have a page about Business Plans that contains many helpful hints and resources for developing your business plan.