I think market research is essential! Just because there are no LQS or fabric sources nearby does NOT mean there are quilters in the area. You definitely need to know what your potential customer base is based on some facts - sewing machine repairs, purchases, quild members etc. maybe you could buy a subscription list from some quilting magazines localized for your area.
Market research is always the first money spent on a business investment. If it shows a bad market, then it is considered a very good investment. It saves all the other money you might have spent. Talk to your banker about an investment loan large enough to cover 2 years of operation. Even if you don't intend to take the loan, his advice is invaluable.
Last edited by TanyaL; 03-12-2012 at 09:10 AM.