So, you’ve got a big idea for a business and you’ve started researching the market you want to approach.
What’s next? How do we take this seed of an idea and nurture it into a credible business?
That’s what we’ll tackle in this article where we begin refining your idea into something that can make money. There’s more to starting a business than just coming up with a product or service you can sell.
A business model is your company’s strategy that defines how your business is going to make a profit. Your business model should describe things like your value proposition, which depicts the goods or services that your offering and why your customers desire them. This description should clearly differentiate your product or service from your competitors. By the end of this blog post, you should be in a better position to determine the best business model for your startup.
This week we’re looking at your target market. Specifically how to find your target audience through effective market research. We show you ways you can find your audience, both local and online. We show you how to create customer personas and how to use them to mould your business.
Ever wondered what the best ways to find competitors for your upcoming business? How do you analyse them? Don’t worry we cover all the ways you can find your competitors, both local and online. Then we’ll go through the ways that you can analyse them to influence your business decisions.
So you’ve got a business idea, now you need to know whos going to buy your product or service. You might already have an idea of who this is, but with proper research, you’re not going to know for sure. We’ll show you how to find your competitors and your target market through effective market research. We’ll use the data gathered here to identify your competitors and target market so you’re more prepared for launch.
Struggling to come up with ideas for businesses? Don’t worry, we’ll take you through an easy process for coming up with business ideas that match your skillset. We’ll take you through how to identify a gap in the market, if it’s a good business idea and whether it’ll be profitable.
Today we take a look at the risks and rewards of starting a business. Starting your own business can be very rewarding. There are also a number of risks involved in becoming an entrepreneur.
This blog post covers all the problems and joys you might expect to encounter when starting your own business and being your own boss.
Week 2 of our series on starting a business. This week we look at the ideation process, which is the process of coming up with ideas. We cover how to form these ideas and how to use apply your skills to potential business ideas. We also look at the risks and rewards of being an entrepreneur, this covers the benefits as well as making you aware of some potential negatives.
Starting a business is a time-consuming process.
It requires a lot of focus and attention from you and you’ll be doing this whilst trying to juggle a social life and potentially another job.
I’m going to offer some handy tips and tricks to help you better manage your time. By getting some good time-management and productivity practices sorted in advance, you’ll start your business as you mean to go on – with purpose, drive and clarity.
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