Wednesday, July 28, 2010

I need advice on turning a great business idea into a reality.?

I have no idea where to start. I have had a brilliant business idea that I believe could become very successful given the right planning and circumstances but I have no idea how to get this off the ground. Who should I tell? Where can I get advice?I need advice on turning a great business idea into a reality.?
Citizen advice bureau





or however you spell it





they should help you





credit crunch or no credit crunchI need advice on turning a great business idea into a reality.?
Start at the beginning and just put one foot in front of the other. Try and write a simple business plan. Just start with the idea and expand it to include the things necssary to get it off the ground. Who would buy the product or service? What woukld it require to make it or provide it? How much would it cost? How and what would it take to grow? How much would people pay to have it? How big is the potential market? Would you need staff initially? What are the potential problems?


You could do with help from someone close to you that is trustworthy and as keen as you on the plan and could contribute in areas where you may be lacking. Good luck!
The best place for advice in the UK is Business Link. They offer free help and information when starting or thinking about starting in business. (They also help you when you're established.) In most areas, they run a free seminar that goes through everything that you need to think about when starting up.





As has been said elsewhere, the first stage is to draw up a plan of what you're going to do - what you product or service is, the costs of supplying it, who your target market is, how you're going to reach them and your projected sales. You'll need to think about all the other costs like premises, salaries, insurance, utilities and advertising.





Be careful who you tell about your idea. Working with Business Link is confidential. We asked someone some years ago to help with an idea. He charged us a lot of money upfront for putting together a website that never materialised and a couple of years later he had the cheek to approach us with a business proposal that included what we had been trying to do!





Good luck with your venture!
it all depends on the business is it a product that needs making and designing if so you would need to look into this more first.. if its a business do you need a premises or would it be mobile? If you have a premises or are working from home in the uk you would have to see about planning permission for change of use if it hasnt been used as a place of business before or for a while.. if you need funding and are in the uk you could go see the princes trust people they give low interest loans to those who cannot get one elsewhere and if your lucky a grant.. of course you can see your bank also.. it all depends on the type of business which obviously you dont want to stick online if its something you have to make or whatever and the skills you need if you do want to get intouch im happy to help in anyway i can..





credit crunch wheres your abition ignore that i run my own business and im sure you know you need to make sure you have enough set away to make sure it gets you through atleast the first year as all things takle time to get of the ground. If you have the drive abition and know how go for it
Whilst James D COULD be right, if it's a money saving idea this might well be the very climate to introduce something innovative. Initially, I would suggest taking legal advice on this. Some solicitors offer a free consultation on your first visit.
most areas have a guild of small businesses or see a small business advisor attached to the bank.
great ideas are hard to come by , just like revenue in the credit crunch, wrong time unfortunately

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