Preparation for Planning a Business Venture (Outstanding!)

"New businesses fail usually due to poor management, not because of the idea for the business."
— Peter Drucker, internationally renowned management expert

Feasibility study to answer "Should I start a new business?"
(nonprofit-specific and for-profit-specific items are noted as such)

Written by Carter McNamara, MBA, PhD

How to Use This Manual

Far too often, people are so eager to start a new business or product, that they end up skipping some very important considerations. This is very likely one of the major reasons that so many new businesses fail within the first five years. This manual will help you ensure that you’re really ready to start your new venture.

The first section of this manual is "Considerations About You". Carefully answer each of the questions in this section. The second section is "Considerations About Your Business Idea". In this section, you don’t need to answer the questions in detail — but you should be aware of how you plan to answer the questions once you’ve started your new venture.

Near the end of the manual, you’re referred to other sites that can help you officially register your new organization once you’ve considered the questions — and resources to help you answer them — in this manual.

Full Manual: http://www.managementhelp.org/strt_org/prep.htm#anchor1415624

(Many thanks to Sandi Boughton, USDA Community Program Director, State of Washington for passing this along. Russ)