Business plans for entrepreneurs – Part II: research Mike | November 22nd, 2010

A couple of weeks ago, I started a series of video posts for entrepreneurs on creating a business plan. I very much believe that this part of the process is critical to building a strong company. The short video below contains my thoughts on the research process. I hope you enjoy and will look forward to your comments!

Resources:

2007 Economic Census
Internet Archive Wayback Machine
Bureau of Labor Statistics
WhoIs domain lookup
GoDaddy for registration
US Patent and Trademark Office

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  • Nice article, thanks for the information.

  • Mike – Thanks for sharing… Can you clarify whether you suggest doing this research before or after you have developed a “prototype” product/service and tried to sell it?

  • @kyle – my pleasure! Short answer to your question: before! Longer answer? Research (aka homework) is critical – get the idea and everything that has anything to do with it in your DNA. Lots of people will ask you lots of questions and you need to be expert with the details, facile with your answers, and always looking for ways to improve the basic idea. BTW – next video in this series will be up in a week or so. And good luck with Whinot!

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