Have an idea for a business and wondering where to start?

What is your product or service?

The first step is to define your concept, and determine whether there is a market for your idea. You must be able to state your idea in a concise and compelling way, so you can test it out on potential customers, co-founders and investors. So, start by asking yourself these questions:

What value does your product/service provide?
What problem are you solving?
Who is your customer?
How do you plan to bring your product/service to the customer?
What kind of market are you entering?
Who are your competitors?
How will your business bring in revenue?

Ready to take the next step?

Georgetown Resources

Click below to learn more about these very helpful Georgetown Resources for entrepreneurs.

Join our Entrepreneurs-in-Residence for Chalk Talks – weekly informal office hours which are open to all Georgetown students, and are highly encouraged for those interested in starting their own business. Share your idea with the experts and other students, and get great early feedback and advice. Come by as often as you like and see who’s “on call.” Chalk Talks occur almost every Tuesday during the school year from 5:00-6:30pm in Hariri Conference Room 310. Check the StartupHoyas Google Calendar to confirm each week.

Develop your idea as part of our entrepreneurship electives:
Undergrad Courses
MBA (Graduate) Courses

OR Pursue independent study: Both MBAs and undergrads can apply to work on a project for academic credit under the supervision of a faculty member. Contact your academic advisor for more details.

Find a mentor and gain insights from entrepreneurs who have “been there before.” Our Entrepreneurs-in-Residence (EiR) and Entrepreneurial Advisors have expertise in industries ranging from tech to healthcare to fashion.

Pitch your idea to the experts — enter one (or all) of StartupHoyas’ four Pitch Competitions: Twitter Pitch, Rocket Pitch, Social Pitch, and the StartupHoyas Challenge.

Join the “Summer Launch Program,” our startup incubator for students and grads who want to launch a new venture. 73 startup teams have participated in our incubator program since it was established in 2011, including representatives from all of the Georgetown graduate and undergraduate programs.

On our library resources page, find everything you need to know about starting a business in online guides, e-books, videos, and print resources. Get advice from the US Chamber of Commerce and the Small Business Administration, and get help finding money to kickstart your business. Or, reach out to Georgetown’s very own Business Information Consultant, Ms. Jennifer Boettcher.

Get legal assistance from Georgetown Law students!

Georgetown Law Professor Anthony E. Cook offers a Georgetown Law & Entrepreneurship Practicum course. Under the supervision of licensed attorneys working on a pro bono basis, the law students in this course provide selected Georgetown entrepreneurs with assistance on a range of legal issues, including:

  • consultation on and formation of the appropriate for profit or tax exempt entity
  • drafting of bylaws, LLC operating or Corporate shareholder agreements, employment contracts, NDA and other startup documents; seed and angel investor agreements;
  • terms and conditions, licensing, and some intellectual property matters (no patent work).

Fall term only; for more information, contact Prof Anthony Cook: cooka@law.georgetown.edu

Other Resources

Click below to learn more about online tools and other resources for startups.

Please email us at startuphoyas@georgetown.edu if you need more help to get started, or know of other resources you’d like to share with aspiring entrepreneurs.