Somewhere between scribbling your idea on a cocktail napkin and actually starting a business, there's a process you need to carry out that essentially determines either your success or failure in business. Oftentimes, would-be entrepreneurs get so excited about their "epiphanies"-the moments when they imagine the possibilities of a given idea-that they forget to find out whether that idea is viable....
Business ideas can come from everywhere. It can come from observing other people – what they like and what they need — that are not currently being addressed in the marketplace. Some business ideas are born out of frustration after not finding a suitable solution to a particular problem. Even if a solution exists, it may not do the job well enough, and there are opportunities to improve the products or services. We can help you with better creative business ideas
You want to have an excellent relationship with your banker. That means having a strong P&L and balance sheet as well as having an ongoing personal relationship with your banker. Don't wait until it's too late to establish that relationship. Bankers are friendlier when you don't need them to survive. It also doesn't hurt to have relationships with leasing companies and other second-tier financial resources that you could tap if traditional banking can't satisfy your needs.