Is your great idea good enough, and can it become profitable and deliver a return on any investments? Although there's no real way of finding out until you try, business website Inc.com offers some start-up preparation tips.
1) Scope out the industry. The article recommends seeking out industry veterans for advice. For research, information and contacts, use the Internet, your local library, industry associations and business schools.
2) Size-up the competition. Visit places where your potential competitors' products are offered and become a customer. Check out their websites and get yourself on their email lists. Understand what they are doing so you can do it even better.