If you are looking to launch a scalable business, you may find the prospect daunting. Launching a startup or running a small business is a full-time job, and there is precious little time at the end of the day to think about ways to scale product or sales.
No matter how unique or groundbreaking your idea is, it isn’t always easy to find investors for startup companies, because there are thousands of ideas chasing a smaller pool of investors. Even if you are just starting, you probably know that banks and traditional sources of funds are not usually open to the idea of investing in a startup. It is highly probable that your best source of funds will be angel financing for entrepreneurs.
Whenever I begin a new project, I want to know all of the steps up front. I like research; I don’t like surprises.
And I’m like that even with something fairly low commitment, like an inexpensive craft project, so I understand the compulsion to over-research on bigger projects—such as taking on a new business venture.
If you decide to pursue your invention idea, you’ll need to know all the steps of manufacturing before you begin so you can avoid making any costly mistakes.