This entry is part of a series of entries exemplifying the steps an entrepreneur takes from starting a business to selling the operation. It is a step by step process addressing the multitude of business concepts every small business owner must face. This is a 6 year example from Day 1 to the day the owner receives a check for selling his business. Read this series as if it you were experiencing all of the trials, tribulations and joy of owning and operating a business.
Small Business Model Entry #2 – Narrowing the Idea
I have decided on 10 different areas of potential business opportunities based on my limitations as described in Entry #1. Now I need to narrow this list down to a few choices and do some research. Once I’m done researching them, I can create a decision model to help me list my top three business ideas. Right now I need to list the cons for each of the 10 areas and the three with the least amount of cons, will be the ones I research.