qprev_HBB Manual 2.qxd - Small Business BC

perhaps a videotaping service would be rightfor you.)3. Now, narrow the list down to the three orfour businesses that appeal to you the most.4. Research these further to determine which isyour best bet. (For example, who wouldyour customers be? How can you reachthem? Who’s your competition? How muchmoney will you need to get started? Use thisguidebook as a guide to help you with theseresearch questions.)You may be surprised by your findings. Abusiness that originally seemed like a good ideamight not show up on your list. Conversely, anactivity you’ve always done purely for fun couldemerge as a potential money-maker.Get opinions from family and friends. Make acore list of the best three to five possible ideas.Choose one to assess as you work through thisguidebook, and if research shows it isn’t a realopportunity, work with another.When you are comfortable that you have a goodidea – one that your research indicates has a goodopportunity for being successful – prepare a gooddescription of this business concept to use inyour business plan.32solutions for small business home-based business