The concept stage is where you begin. Usually it takes nothing more than a couple of people around a kitchen table or with coffee in a restaurant. The concept can come from any direction- an identified market need, a product idea, or a new technology. The overriding factor is that the founders have a driving passion to start a business that addresses a real business opportunity. The concept stage is usually funded by the founders until a basic business plan is formulated and team assembled which will allow the company to raise sufficient capital to enter the next stage.
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Valuable Information for Concept Stage Entrepreneurs: