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No, you do not need to officially start a registered business to be considered self-employed. Many individuals operate as freelancers or independent contractors without formal business registration. If you are self-employed and exploring your options, the Tennessee Business Idea Analysis Worksheet can help you evaluate your business potential.
To analyze a business idea, begin by conducting thorough market research to understand your target audience and competitors. Next, assess the feasibility and profitability of the idea, ensuring it aligns with your skills and resources. The Tennessee Business Idea Analysis Worksheet is an excellent tool for this process, providing a structured framework to evaluate each aspect of your idea. By doing this, you can make informed decisions that enhance your chance of success.