You have probably heard your business coach tell you to start your business plan. This is a healthy exercise for any entrepreneur seriously considering investing any amount of time or money into a for-profit enterprise.
Have you been scratching your head with no idea where to begin your market study? Let me share a little secret here: SBDC advisors use SBDCNet.org to help small business clients research their market statistics, competition, and industry trends. In fact, you can find a great collection of industry snapshots that will help you get started whether you want to open an Assisted Living Facility or roll out a Mobile Food Vendor business. And if what you need is not there, a customized market report may be requested. Just look at these fabulous stats from NBDCNet!
SBDCNet provides small business research services to the entire 1,100+ member SBDC Network of Small Business Development Centers located in all 50 states, Guam and Puerto Rico. “In partnership with your local SBDC, we can produce a broad range of financial, market and demographic research reports customized to your industry and geographic location” - SBDCNet.org
Get ready to plan wisely and strategically. Go to your nearest SBDC and ask an advisor’s help to request your market study. Yes, it is that easy!