Gunderson Denton & Peterson Logo Sized For Mobile Browsing

480-655-7440

Arizona Attorneys, With Law Offices In Mesa
Mesa AZ Business Lawyer
  • 1930 North Arboleda, Suite 201
    Mesa, AZ 85213
    480-655-7440
    40 N. Central Avenue, Suite 1400
    Phoenix, AZ 85004
    480-325-9937
    [email protected]
    • Gunderson, Denton And Peterson Office Locations


      View View Gunderson, Denton And Peterson Locations in a larger map

      Legal Assistance With A Positive ROI

      Ways to Failure Proof Your Phoenix Arizona Business

      How To Failure Proof Your Commercial Business in Phoenix, Arizona Launching your own Phoenix Arizona business can be exciting. It’s an adventure that not everyone embarks on, and the rewards can be great. But it is not without its risks.

      There’s all that time and money you have invested into the business, and if it fails, it could all be for nothing.

      Luckily, there are some ways to test your business to minimize the risk of failing even before you officially launch. Here are 4 strategies you can try to failure proof your business in Phoenix Arizona.

      1. Test it out with a venture capitalist.

      Venture capitalists are investors who provide money for small ventures. In general, they know their business and are honest with business owners. If the idea isn’t good, there’s no way a venture capitalist will invest in it so pitching your idea to a venture capitalist is a good way to find out if your idea is good or not. Bring along your business plan and demo product to your meeting.

      2. Show product retailers your product prototype.

      Product retailers know what they are doing when it comes to products — they know what consumers want. Seek the opinion of product retailers if you are planning to sell products. Visit a retail store that sells similar products and talk to the purchasing manager to see what he or she thinks. Bring a prototype or even a drawing if you don’t have a full prototype. If you are lucky, the retailer may love your idea and want to sell your products once you launch your business.

      3. Try to get your idea licensed.

      Even if you are not planning to license your idea, you can get some valuable information from trying to get it licensed. If you pitch the idea and potential licensees like it or seem intrigued, take it as a good sign. It is their job to know a good idea when they see one. If they don’t like it, ask for feedback and go back to the drawing board.

      4. Gather consumer feedback.

      Getting honest feedback from the people who will eventually be buying your products or using your business is a great way to see if you can be a success. Go beyond asking your friends and family, and test the idea with your target demographic. Conduct surveys, product demos and split testing to find what consumers like about your business or product, and more importantly, what they don’t like.

      Starting up a Phoenix business is a big endeavor, and one that requires a lot of research. Before you go launching your new business, try out any or all of these 4 strategies to help you minimize your chances of failing. If you need any legal advice regarding your business venture, please contact the Phoenix business lawyers at Gunderson, Denton & Peterson, P.C. today.

      Author Brad Denton Written By:

      Gunderson, Denton & Peterson, P.C.

      Mesa Office:
      1930 N Arboleda #201
      Mesa, Arizona 85213
      Office: 480-655-7440
      Fax: 480-655-7099
      Email: [email protected]
      Website: https://gundersondenton.com

      Phoenix Office:
      40 N Central Ave #1400
      Phoenix, AZ 85004
      Phone: 480-325-9937
      Website: https://gundersondenton.com/phoenix

      [jetpack-related-posts]

      Leave a Reply

      Meet Our
      Business Attorneys

    • Arizona Business and Franchise Lawyer Brad Denton
      Business Litigation Attorney
    • GDP Business Blog

      How to Protect Your Business From Personal Injury Claims & Lawsuits

      10 Tips to Keep Your Mesa Business Out of Court

      Business With Friends

      Deciding on a Business Structure

      A Rose by Any Other Name Might Not Smell as Sweet: The Process of Choosing and Protecting a Business Name

      Structuring Your Business Sale To Avoid An Unexpected Tax Hit

      Eight Questions to Help You Find the Target Market for Your Business

      Top Mistakes When Launching A Home-Based Business

      How to Plan Your Arizona Business Plan

      Business Startups: How to Pitch Your Idea to a Venture Capitalist

      Seven Ingredients to Make Your Startup Business a Success

      Six Qualities to Look for in a Business Lawyer

      Three Steps to Choosing a Name for your New Business

      Seven Steps to Developing a Marketing Plan for Your Business

      How to Protect Your Intellectual Property

      Ways to Failure Proof Your Phoenix Business

      How To Convert An LLC To A Corporation In Arizona

      Does Your Startup Arizona Business Need a Patent?

      Non-Compete Agreements in the Sale of a Business

      Liability of Owners in Various Business Structures

      Small Businesses Feeling the Impact of the Government Shutdown

      Using a Letter of Intent to Reduce Risk in the Process of Purchasing a Business

      What Does it Take to Make a Binding Contract?

      Forming a Startup – Important Questions Co-Founders Should Ask First

      An Exit Plan for Your Business

      General Business Law at Gunderson, Denton & Peterson, P.C.

      Introduction to Gunderson, Denton & Peterson, P.C.

      How Business Owners Can Minimize The Cost Of Divorce

      The difference between a contract that falls under the UCC and one that does not and why it is important to you

      Problems with Decision-Making in an LLC

      Finance Options for Your Business

      Why Should Your Company Not Go Public?

      How do I buy an existing business?

      How Business Owners can avoid Personal Liability if others attempt to Pierce the Corporate Veil

      LLC Publication Requirement – present and future

      • Get Linkedin Mesa Arizona Lawyer
      • Legal counselors Facebook
      • Mesa Arizona Lawyer Twitter Account
      • law feed, legal advice, blogs and more
    • Mesa Arizona Attorneys And Lawyers [email protected]
      1930 N Arboleda #201
      Mesa, AZ 85213
      Phone:480-655-7440

      Office Hours

      Monday-Friday 8am-5pm

      Skilled Professionals. Personal Service. Exceptional Results.
      Privacy Policy
      Design By Mesa Web Designer MFWD