FabSwingers.com > Forums > The Lounge > Business idea
Business idea
Jump to: Newest in thread
 |
By (user no longer on site) OP
over a year ago
|
Because you fabsters are a font of all knowledge! Can anyone post me in the direction of some useful sites for a spark of a business idea please? Ta muchly you lovely lot x |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *inaryGuyMan
over a year ago
Near the River |
"Because you fabsters are a font of all knowledge! Can anyone post me in the direction of some useful sites for a spark of a business idea please? Ta muchly you lovely lot x"
Many good ideas come from interests or hobbies. Google "great ideas for a new business " and see what comes out. The best ideas are usually the simplest.  also depends on how hard you want to work  |
Reply privately, Reply in forum +quote
or View forums list | |
You have to have your own idea if you want to start a business. That is the whole point.
Otherwise you buy into a franchise, or you buy an existing business.
Google franchise opportunities, and business transfer agents, for details of franchising and businesses for sale. |
Reply privately, Reply in forum +quote
or View forums list | |
From your status I think you have the idea already.
I would say research your market very caredully, keep the optimisim but also allow someone to be devils advocate.
Surviving the first year is key, and cash flow can be the key to that. Do a good business plan that includes cash flow and you'll see if and when cash could be a problem.
Good luxk xx |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Some of the greatest discoveries came from moments of relaxation when the brain is free to think
Example
Sir Isaac Newton was relaxing under a tree when he came up with the theory of gravity
and Archimedes was taking a bath when he discovered a way to measure mass of irregular objects |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *inaryGuyMan
over a year ago
Near the River |
I've heard of a professional "best man" and "bridesmaid". In Japan an agency hires out "ordinary friends". Take a look at some of the events/meets on fab, I'm sure lots of private parties have a commercial element to them |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"What sort of info are you looking for? How to turn it from idea to something real or even more basic than that?"
How to turn my idea into a business. There are franchises available but I don't have that money at the moment, so want to know if working on my idea one or two days a week would be enough whilst still working full time! (Must be bloody mad!) There aren't that many franchises available for what I'd like to do, so I believe that it would be a good idea and I've not seen ads for anything similar in the area I live in. So I know I'd need public liability insurance, dbs check, but I'd have to hire spaces etc to hold the groups I want to run. Not sure where to start with that. Getting together resources, finding somewhere to store it all etc etc. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"And then you realise that every business idea had been thought about before and either exists in a saturated market, or the business does not exist because there is no market for it!"
Having had a quick Google of the group thing I'd like to do, it's not that prevalent around here at all. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"Is there a reason for that? Is it prevalent and successful elsewhere?
How much will it cost to start up the business and do you have that capital?"
It's just something that doesn't seem to have caught on here. I moved from Hampshire last year and there were several groups, but down here there aren't.
It may have to be something that can run around the days that I'm off from work as I'm not in a position to give up work yet.
But this is why I want some pointers. Somewhere to look for info about costs.
I know it's something I would have attended with my children when they were younger and I know others would. |
Reply privately, Reply in forum +quote
or View forums list | |
"And then you realise that every business idea had been thought about before and either exists in a saturated market, or the business does not exist because there is no market for it!"
No, not at all. It's a timing thing.
Look for what's new, and how it can be turned into an opportunity.
For example, I think there will be a market for 3D-printer shops that print spare parts and useful objects soon...
|
Reply privately, Reply in forum +quote
or View forums list | |
OP if you can do it while retaining your current job, then that is really positive, as it can limit the worse case scenarios.
Also if the idea does well elsewhere then that's good too (if the local market is similar).
Public liabilty insurance, just get quotes, it varies depending if you are doing under 5's Base jumping or a bookkeeper 
Just keep an eye on costs. They all creep up, gather as many as you can and divide that by the potential number of attendees, does it stack up? |
Reply privately, Reply in forum +quote
or View forums list | |
Can the original poster give us some more information? We don't need all the details, but it's so sketchy at the moment.
It seems to be something to take children to, and something that she only wants to run part-time, working around her main job.
Starting a business and only doing it part-time, or playing at it, is a poor idea.
If it is somewhere to take children, then are premises required? That is going to be a major expense. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"What sort of info are you looking for? How to turn it from idea to something real or even more basic than that?
How to turn my idea into a business. There are franchises available but I don't have that money at the moment, so want to know if working on my idea one or two days a week would be enough whilst still working full time! (Must be bloody mad!) There aren't that many franchises available for what I'd like to do, so I believe that it would be a good idea and I've not seen ads for anything similar in the area I live in. So I know I'd need public liability insurance, dbs check, but I'd have to hire spaces etc to hold the groups I want to run. Not sure where to start with that. Getting together resources, finding somewhere to store it all etc etc. "
Someone I like to listen to put out a short video on FB last week. You can live on six hours sleep a day. So that gives you 18 hours to do stuff. So there is time in the week to run a business and work full time.
Make a list of everything you can think of - you seem to have a good start - then start ticking off the things you know about. Once you've done that, research the bits you don't know.
If these groups don't exist locally, are there any groups (or other people) you could speak to? Ask them if they would attend such a thing? |
Reply privately, Reply in forum +quote
or View forums list | |
"What sort of info are you looking for? How to turn it from idea to something real or even more basic than that?
How to turn my idea into a business. There are franchises available but I don't have that money at the moment, so want to know if working on my idea one or two days a week would be enough whilst still working full time! (Must be bloody mad!) There aren't that many franchises available for what I'd like to do, so I believe that it would be a good idea and I've not seen ads for anything similar in the area I live in. So I know I'd need public liability insurance, dbs check, but I'd have to hire spaces etc to hold the groups I want to run. Not sure where to start with that. Getting together resources, finding somewhere to store it all etc etc. "
Well can you tell us what your idea is? I know every entrepreneur thinks they shouldn't answer that but basically probability is that many other people already have the same idea. Good news is that having a great idea rarely counts for much in the eventual success or failure. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"What sort of info are you looking for? How to turn it from idea to something real or even more basic than that?
How to turn my idea into a business. There are franchises available but I don't have that money at the moment, so want to know if working on my idea one or two days a week would be enough whilst still working full time! (Must be bloody mad!) There aren't that many franchises available for what I'd like to do, so I believe that it would be a good idea and I've not seen ads for anything similar in the area I live in. So I know I'd need public liability insurance, dbs check, but I'd have to hire spaces etc to hold the groups I want to run. Not sure where to start with that. Getting together resources, finding somewhere to store it all etc etc.
Someone I like to listen to put out a short video on FB last week. You can live on six hours sleep a day. So that gives you 18 hours to do stuff. So there is time in the week to run a business and work full time.
Make a list of everything you can think of - you seem to have a good start - then start ticking off the things you know about. Once you've done that, research the bits you don't know.
If these groups don't exist locally, are there any groups (or other people) you could speak to? Ask them if they would attend such a thing?"
I know someone who started one in Hampshire who I could possibly get some info from. Having just had a nose at her website, thought of couple of other things to look at etc, where I could get insurance and so on from. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"What sort of info are you looking for? How to turn it from idea to something real or even more basic than that?
How to turn my idea into a business. There are franchises available but I don't have that money at the moment, so want to know if working on my idea one or two days a week would be enough whilst still working full time! (Must be bloody mad!) There aren't that many franchises available for what I'd like to do, so I believe that it would be a good idea and I've not seen ads for anything similar in the area I live in. So I know I'd need public liability insurance, dbs check, but I'd have to hire spaces etc to hold the groups I want to run. Not sure where to start with that. Getting together resources, finding somewhere to store it all etc etc.
Someone I like to listen to put out a short video on FB last week. You can live on six hours sleep a day. So that gives you 18 hours to do stuff. So there is time in the week to run a business and work full time.
Make a list of everything you can think of - you seem to have a good start - then start ticking off the things you know about. Once you've done that, research the bits you don't know.
If these groups don't exist locally, are there any groups (or other people) you could speak to? Ask them if they would attend such a thing?
I know someone who started one in Hampshire who I could possibly get some info from. Having just had a nose at her website, thought of couple of other things to look at etc, where I could get insurance and so on from. "
Get scribbling then and you know where I am if you want to bounce anything off me. Good luck  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"Can the original poster give us some more information? We don't need all the details, but it's so sketchy at the moment.
It seems to be something to take children to, and something that she only wants to run part-time, working around her main job.
Starting a business and only doing it part-time, or playing at it, is a poor idea.
If it is somewhere to take children, then are premises required? That is going to be a major expense."
I would have to hire premises. It's to run messy/creative/sensory sessions for under 5's. As I say, all in the starting to think about it stage and want some pointers.
I wouldn't be playing at it, but it would have to start off small for a variety of reasons, but I'm not going to jump into anything. I need to look and see if it's something that is doable on my own on whether to save like crazy and buy into a franchise at some point. |
Reply privately, Reply in forum +quote
or View forums list | |
"What sort of info are you looking for? How to turn it from idea to something real or even more basic than that?
How to turn my idea into a business. There are franchises available but I don't have that money at the moment, so want to know if working on my idea one or two days a week would be enough whilst still working full time! (Must be bloody mad!) There aren't that many franchises available for what I'd like to do, so I believe that it would be a good idea and I've not seen ads for anything similar in the area I live in. So I know I'd need public liability insurance, dbs check, but I'd have to hire spaces etc to hold the groups I want to run. Not sure where to start with that. Getting together resources, finding somewhere to store it all etc etc. "
I have two businesses running that require DBS checks. One that is now 11 years and going strong, the other is just 5 months and has taken up a lot of my time and policies I've never had to do before, I've learnt so much.
If you'd like to PM me it may be that we have similar interests and I'd be happy to give some advice if I can. |
Reply privately, Reply in forum +quote
or View forums list | |
"Can the original poster give us some more information? We don't need all the details, but it's so sketchy at the moment.
It seems to be something to take children to, and something that she only wants to run part-time, working around her main job.
Starting a business and only doing it part-time, or playing at it, is a poor idea.
If it is somewhere to take children, then are premises required? That is going to be a major expense."
Doing it round a full time job isn't playing at it.
If it works for the new business idea, it is a great way to test the watwrs and let it build without risking so much. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"Can the original poster give us some more information? We don't need all the details, but it's so sketchy at the moment.
It seems to be something to take children to, and something that she only wants to run part-time, working around her main job.
Starting a business and only doing it part-time, or playing at it, is a poor idea.
If it is somewhere to take children, then are premises required? That is going to be a major expense.
Doing it round a full time job isn't playing at it.
If it works for the new business idea, it is a great way to test the watwrs and let it build without risking so much."
Thank you! I'd be foolish to give up a full time job to be sinking after six months. I'd be offering sessions so it suits doing it part time at the moment. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"Then you're just playing at it. A hobby business. It will fail."
Well unless I win the lottery to fund it, or bag a sugar daddy to fund it, then I guess it will be a hobby business! But thank you, I'm a stubborn cow who loves to prove people wrong, so you've given me the kick I need to crack on! |
Reply privately, Reply in forum +quote
or View forums list | |
"Then you're just playing at it. A hobby business. It will fail."
No I don't agree. Many businesses have been started whilst working elsewhere.
It's the energy and effort that counts.
Obviously it is a little reliant on the type of business, or where you presently work. Not every combination is going to be possible. |
Reply privately, Reply in forum +quote
or View forums list | |
"Then you're just playing at it. A hobby business. It will fail.
Six posts all negative. Thanks for nothing."
A business is like having children, seriously. Demands all your attention, you love it but sometimes you just wish it would fuck off for a few hours. Watching it grow is amaxing.
Any honest parent will tell you that having children is the best and worst thing that's happened to them. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Because you fabsters are a font of all knowledge! Can anyone post me in the direction of some useful sites for a spark of a business idea please? Ta muchly you lovely lot x"
i
Do you have a product or is it a buissness service kind of thing?
Try kick start online |
Reply privately, Reply in forum +quote
or View forums list | |
"Then you're just playing at it. A hobby business. It will fail.
No I don't agree. Many businesses have been started whilst working elsewhere.
It's the energy and effort that counts.
Obviously it is a little reliant on the type of business, or where you presently work. Not every combination is going to be possible."
I don't recommend hobby businesses because they rarely make money. A hobby, by definition is something you would do for free, even pay to do. A business, by definition is something you get paid to do. Few people have the mental discipline to comprehend the implications of that. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Because you fabsters are a font of all knowledge! Can anyone post me in the direction of some useful sites for a spark of a business idea please? Ta muchly you lovely lot xi
Do you have a product or is it a buissness service kind of thing?
Try kick start online"
Again depends on previous question could try something else |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"Because you fabsters are a font of all knowledge! Can anyone post me in the direction of some useful sites for a spark of a business idea please? Ta muchly you lovely lot xi
Do you have a product or is it a buissness service kind of thing?
Try kick start online"
Business service I guess! Will have a look, thanks |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Can the original poster give us some more information? We don't need all the details, but it's so sketchy at the moment.
It seems to be something to take children to, and something that she only wants to run part-time, working around her main job.
Starting a business and only doing it part-time, or playing at it, is a poor idea.
If it is somewhere to take children, then are premises required? That is going to be a major expense.
Doing it round a full time job isn't playing at it.
If it works for the new business idea, it is a great way to test the watwrs and let it build without risking so much.
Thank you! I'd be foolish to give up a full time job to be sinking after six months. I'd be offering sessions so it suits doing it part time at the moment. "
Part-time would leave you exposed if it is a good idea as others will see the business model and may set up in competition so be careful. Part-time will mean a slower growth so establishing a good business is more difficult. Research is key as markets vary from town to town even village to village. Have a google on Business Start ups, some good advice. Running a business sounds good but it's bloody hard work and lots of sleepless nights.
Good luck with it |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"Can the original poster give us some more information? We don't need all the details, but it's so sketchy at the moment.
It seems to be something to take children to, and something that she only wants to run part-time, working around her main job.
Starting a business and only doing it part-time, or playing at it, is a poor idea.
If it is somewhere to take children, then are premises required? That is going to be a major expense.
Doing it round a full time job isn't playing at it.
If it works for the new business idea, it is a great way to test the watwrs and let it build without risking so much.
Thank you! I'd be foolish to give up a full time job to be sinking after six months. I'd be offering sessions so it suits doing it part time at the moment.
Part-time would leave you exposed if it is a good idea as others will see the business model and may set up in competition so be careful. Part-time will mean a slower growth so establishing a good business is more difficult. Research is key as markets vary from town to town even village to village. Have a google on Business Start ups, some good advice. Running a business sounds good but it's bloody hard work and lots of sleepless nights.
Good luck with it"
Thank you! Lots to think about and a bit of bank robbing to plan too  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Because you fabsters are a font of all knowledge! Can anyone post me in the direction of some useful sites for a spark of a business idea please? Ta muchly you lovely lot xi
Do you have a product or is it a buissness service kind of thing?
Try kick start online
Business service I guess! Will have a look, thanks "
In that case you just got to think small plan big, start at home or even a small office space something, advertise about. Get your name out, an you will establish a base.
The most powerful advert is word of mouth . I know I'm young but the concept is there hope it works out
It's all a state of mind |
Reply privately, Reply in forum +quote
or View forums list | |
"Then you're just playing at it. A hobby business. It will fail.
No I don't agree. Many businesses have been started whilst working elsewhere.
It's the energy and effort that counts.
Obviously it is a little reliant on the type of business, or where you presently work. Not every combination is going to be possible.
I don't recommend hobby businesses because they rarely make money. A hobby, by definition is something you would do for free, even pay to do. A business, by definition is something you get paid to do. Few people have the mental discipline to comprehend the implications of that. "
The business is doing sensory classes for kids. If it starts off at just 1 class a week for 1/2 a dozen kids, where's the sense in packing a full time job, if she can do both?
As it grows, hopefully she'll be in a position to flip over to the business and leave work or even just go part time employed.
A business that can start like that is a good idea. |
Reply privately, Reply in forum +quote
or View forums list | |
"Then you're just playing at it. A hobby business. It will fail.
No I don't agree. Many businesses have been started whilst working elsewhere.
It's the energy and effort that counts.
Obviously it is a little reliant on the type of business, or where you presently work. Not every combination is going to be possible.
I don't recommend hobby businesses because they rarely make money. A hobby, by definition is something you would do for free, even pay to do. A business, by definition is something you get paid to do. Few people have the mental discipline to comprehend the implications of that.
The business is doing sensory classes for kids. If it starts off at just 1 class a week for 1/2 a dozen kids, where's the sense in packing a full time job, if she can do both?
As it grows, hopefully she'll be in a position to flip over to the business and leave work or even just go part time employed.
A business that can start like that is a good idea."
Depends what her objectives are from the business. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"Then you're just playing at it. A hobby business. It will fail.
No I don't agree. Many businesses have been started whilst working elsewhere.
It's the energy and effort that counts.
Obviously it is a little reliant on the type of business, or where you presently work. Not every combination is going to be possible.
I don't recommend hobby businesses because they rarely make money. A hobby, by definition is something you would do for free, even pay to do. A business, by definition is something you get paid to do. Few people have the mental discipline to comprehend the implications of that.
The business is doing sensory classes for kids. If it starts off at just 1 class a week for 1/2 a dozen kids, where's the sense in packing a full time job, if she can do both?
As it grows, hopefully she'll be in a position to flip over to the business and leave work or even just go part time employed.
A business that can start like that is a good idea.
Depends what her objectives are from the business. "
To make my millions lol!! I want to provide a service for families and children that have proven benefits for young children's development. 20 years in childcare, I occasionally know what I'm talking about |
Reply privately, Reply in forum +quote
or View forums list | |
"Then you're just playing at it. A hobby business. It will fail.
No I don't agree. Many businesses have been started whilst working elsewhere.
It's the energy and effort that counts.
Obviously it is a little reliant on the type of business, or where you presently work. Not every combination is going to be possible.
I don't recommend hobby businesses because they rarely make money. A hobby, by definition is something you would do for free, even pay to do. A business, by definition is something you get paid to do. Few people have the mental discipline to comprehend the implications of that.
The business is doing sensory classes for kids. If it starts off at just 1 class a week for 1/2 a dozen kids, where's the sense in packing a full time job, if she can do both?
As it grows, hopefully she'll be in a position to flip over to the business and leave work or even just go part time employed.
A business that can start like that is a good idea.
Depends what her objectives are from the business.
To make my millions lol!! I want to provide a service for families and children that have proven benefits for young children's development. 20 years in childcare, I occasionally know what I'm talking about "
Rate the following for 1-10 inportance, 10 being most important:
- you can balance work with other commitments
- you will earn more than £30,000 a year from the business
- the business will grow and be worth a resale value
- your business does something you consider meaningful
- you want to work less than 50 hours a week |
Reply privately, Reply in forum +quote
or View forums list | |
"Then you're just playing at it. A hobby business. It will fail.
No I don't agree. Many businesses have been started whilst working elsewhere.
It's the energy and effort that counts.
Obviously it is a little reliant on the type of business, or where you presently work. Not every combination is going to be possible.
I don't recommend hobby businesses because they rarely make money. A hobby, by definition is something you would do for free, even pay to do. A business, by definition is something you get paid to do. Few people have the mental discipline to comprehend the implications of that.
The business is doing sensory classes for kids. If it starts off at just 1 class a week for 1/2 a dozen kids, where's the sense in packing a full time job, if she can do both?
As it grows, hopefully she'll be in a position to flip over to the business and leave work or even just go part time employed.
A business that can start like that is a good idea.
Depends what her objectives are from the business. "
I don't get that. Lets say in the first 6 months , while it is growing, she can only generate enough trade for 1 class. Then every 6 months trade builds to do another class per week. Eventually she has a nice profitable business, potentially able to spread to another town etc.
If she jacks in work at day 1, and cash flow / lack of income kills it in the first 6 months it is finished, she has debt and no job. What good does that do?
I set up while still employed for the first few months, it kept the business finances good while in the shakiest part of a businesses life. |
Reply privately, Reply in forum +quote
or View forums list | |
"Then you're just playing at it. A hobby business. It will fail.
No I don't agree. Many businesses have been started whilst working elsewhere.
It's the energy and effort that counts.
Obviously it is a little reliant on the type of business, or where you presently work. Not every combination is going to be possible.
I don't recommend hobby businesses because they rarely make money. A hobby, by definition is something you would do for free, even pay to do. A business, by definition is something you get paid to do. Few people have the mental discipline to comprehend the implications of that.
The business is doing sensory classes for kids. If it starts off at just 1 class a week for 1/2 a dozen kids, where's the sense in packing a full time job, if she can do both?
As it grows, hopefully she'll be in a position to flip over to the business and leave work or even just go part time employed.
A business that can start like that is a good idea.
Depends what her objectives are from the business.
I don't get that. Lets say in the first 6 months , while it is growing, she can only generate enough trade for 1 class. Then every 6 months trade builds to do another class per week. Eventually she has a nice profitable business, potentially able to spread to another town etc.
If she jacks in work at day 1, and cash flow / lack of income kills it in the first 6 months it is finished, she has debt and no job. What good does that do?
I set up while still employed for the first few months, it kept the business finances good while in the shakiest part of a businesses life."
Again, depends what her objectives are. You can't step into the same river twice. |
Reply privately, Reply in forum +quote
or View forums list | |
"
Again, depends what her objectives are. You can't step into the same river twice. "
In the first 6 months the goal of any new business should be to survive. Only half of startups survive, and the key reason is cashflow.
If she can grow the business trade and keep the quality, while still having an alternative income coming in, I think it is good.
If she was opening a shop etc I would say otherwise. |
Reply privately, Reply in forum +quote
or View forums list | |
"
Again, depends what her objectives are. You can't step into the same river twice.
In the first 6 months the goal of any new business should be to survive. Only half of startups survive, and the key reason is cashflow.
If she can grow the business trade and keep the quality, while still having an alternative income coming in, I think it is good.
If she was opening a shop etc I would say otherwise."
One size fits none I'm afraid. Sometimes you start a business for the specific purpose of trying to a major contract (e.g. with the local council). If you win it, your business rockets, if you lose then you shut it down. There are many examples where pure survival isn't the goal. |
Reply privately, Reply in forum +quote
or View forums list | |
"
Again, depends what her objectives are. You can't step into the same river twice.
In the first 6 months the goal of any new business should be to survive. Only half of startups survive, and the key reason is cashflow.
If she can grow the business trade and keep the quality, while still having an alternative income coming in, I think it is good.
If she was opening a shop etc I would say otherwise.
One size fits none I'm afraid. Sometimes you start a business for the specific purpose of trying to a major contract (e.g. with the local council). If you win it, your business rockets, if you lose then you shut it down. There are many examples where pure survival isn't the goal. "
I know it doesn't, we run two.
She's starting kids sensory classes. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"
Again, depends what her objectives are. You can't step into the same river twice.
In the first 6 months the goal of any new business should be to survive. Only half of startups survive, and the key reason is cashflow.
If she can grow the business trade and keep the quality, while still having an alternative income coming in, I think it is good.
If she was opening a shop etc I would say otherwise.
One size fits none I'm afraid. Sometimes you start a business for the specific purpose of trying to a major contract (e.g. with the local council). If you win it, your business rockets, if you lose then you shut it down. There are many examples where pure survival isn't the goal.
I know it doesn't, we run two.
She's starting kids sensory classes."
Exactly, I'm not planning to take over the world or anything. I just want to do something that will use my experience and an area I really enjoy to provide something for families that they may want to do without the hassle of doing it at home.
I appreciate the comments I've had and have taken them on board, but my aim isn't world domination. |
Reply privately, Reply in forum +quote
or View forums list | |
"
Exactly, I'm not planning to take over the world or anything. I just want to do something that will use my experience and an area I really enjoy to provide something for families that they may want to do without the hassle of doing it at home.
I appreciate the comments I've had and have taken them on board, but my aim isn't world domination. "
Can you do it just by renting a room at a sports centre for a couple of hours when needed, type of thing?
Staff can be a big issue, but it might be something you can do single handed.
One thing that might be useful is phone answering. There are services that take calls for you, it is more proffesional than an answer machine or mobile number, if you are working, could be useful?
Good luck |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"
Exactly, I'm not planning to take over the world or anything. I just want to do something that will use my experience and an area I really enjoy to provide something for families that they may want to do without the hassle of doing it at home.
I appreciate the comments I've had and have taken them on board, but my aim isn't world domination.
Can you do it just by renting a room at a sports centre for a couple of hours when needed, type of thing?
Staff can be a big issue, but it might be something you can do single handed.
One thing that might be useful is phone answering. There are services that take calls for you, it is more proffesional than an answer machine or mobile number, if you are working, could be useful?
Good luck"
Thank you! Yes my plan would be to rent spaces for as and when needed. Hadn't thought about phone answering services. It would be something I do on my own to see how it goes and then I have a good friend who i think would be amazing at the job if it needed someone else. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
Exactly, I'm not planning to take over the world or anything. I just want to do something that will use my experience and an area I really enjoy to provide something for families that they may want to do without the hassle of doing it at home.
I appreciate the comments I've had and have taken them on board, but my aim isn't world domination.
Can you do it just by renting a room at a sports centre for a couple of hours when needed, type of thing?
Staff can be a big issue, but it might be something you can do single handed.
One thing that might be useful is phone answering. There are services that take calls for you, it is more proffesional than an answer machine or mobile number, if you are working, could be useful?
Good luck
Thank you! Yes my plan would be to rent spaces for as and when needed. Hadn't thought about phone answering services. It would be something I do on my own to see how it goes and then I have a good friend who i think would be amazing at the job if it needed someone else. "
A touch more advice but think about the image you want to present as this may affect the type and location of premises. Image is very important especially for personal services but also as others have said cashflow is all critical.
Without cashflow a business will fail unquestionably. So the premises are also likely to be a significant overhead and must be funded by the business and could be a chunk on cashflow. The key is to keep overheads down to the minimum which helps cashflow in those difficult early times of the business.
Also look at the type of business vehicle and do you want to limit your personal liability for the business should all fail. (ie Limited Company/Limited Liability Partnership etc) |
Reply privately, Reply in forum +quote
or View forums list | |
"
Thank you! Yes my plan would be to rent spaces for as and when needed. Hadn't thought about phone answering services. It would be something I do on my own to see how it goes and then I have a good friend who i think would be amazing at the job if it needed someone else. "
Sounds good. Just be careful with friends. You trust them, right type of person, motivated etc but what if they don't quite work out, or they need telling to work differently. Can strain or break that friendship. Only you can decide that one. |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
