I haven't started anything that's really successful, but I'm pretty good at failing. I guess I can tell you what dun work and what you can avoid it in your local city.<p>- I failed to address the supply and demand issue. When I first my biz, I know I have a pretty decent products, I'm sure your local business has too. The issue just no one is buying it from me, either it is because I'm not working close enough with my regional partners/government, etc.. or I'm not exactly talking to the people who need my products.
Idea: You can start a simple directory listing the local business, products and contacts, much like Angie's List. make it available in print-on-demand, pdf format, etc.<p>- I failed to act swiftly. It is a cut throat business really, if you see a business opportunities, you really need to act now and monetize it. If not, someone bigger and larger will come in and take it from you. You probably need a well tined process to get things out quickly.<p>- I failed to create the market. If things dun quite work out, it is important than to create a market in itself. Develop value business opportunities for regional/international companies to drop by your city to do business. What can your local community provide better than others out there?