When looking to start your own business, it is vital to do your research. Here are some steps to take:
- What are you passionate about? Why do you want to start a business?
- Research the industry on ALIS (www.alis.alberta.ca) for competition and viability.
- Research other employers/businesses already doing something similar to what you want to do. What are they doing well?
- Think about your target audience/market. What gap are you trying to fill?
- Where are you going to get funds from? How much are you going to need to start?
A great local resource for starting your own business is Community Futures Highwood—www.highwood.albertacf.com. They can also assist with writing a business plan and using social media/marketing.
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