Wednesday, September 23, 2009

Four Ideas to start a business

Umbrella Vending Machines
Ideal for England, where rain is seen everywhere it's a business which has a great demand but it has to balance the quality and so the price, for selling in vending machines. It can be largely exploded and linked to other business as umbrella brands, so it generates a business network.

CONCEPT: In rainy cities, vending machines selling cheap umbrellas are strategically placed to maximise the need for protection from the rain.
STRENGTHS: If located in busy subway/train stations, shopping or business areas, like big buildings, sales should be outstanding; the owner does not need to be present to operate
business; unique form of vending machine; no competition; senior-friendly small business.
WEAKNESSES: Dependent on rainy weather; the need to secure strategic locations for maximum sales; specialised nature of machines in terms of servicing.
ADVANTAGES: England is mostly rainy so the market for the idea is large, and highly populated cities are also exposed to heavy rains.
DISADVANTAGE: prices of the umbrellas cannot be high because vending machines are not intended to earn much money for each product.


Wind Turbines for Homes
A great business is convincing the consumer that he can save money by paying less on house bills (electricity, water...) so having a wind turbine at home for auto-supplying electricity to it generates a wide action field. But the idea to have big machines at home does not seems very accepted...

CONCEPT: Electricity-generating micro wind turbines have never been smaller, cheaper or easier to install than they are today. Undoubtedly they will become even more so in the future. Given the rise of eco-consumerism, selling these green energy creators looks like the basis of an excellent small business. A little known fact is that homes are actually much bigger polluters of our environment than cars.
STRENGTHS: Eco-consciousness friendly; relatively cheap; easy to fit; feelgood factor. WEAKNESSES: Competitors; need for showroom; constantly developing technologies that need to be followed.

Smoothie/Juice Bar Operator
Against a busy life, refreshing with natural soft drinks is a great idea, more if the quality is good, the consumer will not be disgusted for paying a little bit more for the product. But will it sell the quantities it needs to generate profit? A good marketing is needed to do so.

CONCEPT: In high traffic locations, fresh juice and Smoothie bars offer instant cashflow and plenty of retail action to a small business entrepreneur. According to Boost Juice, for example, their franchisees sell a collective total of 1 million juice drinks every month.
STRENGTHS: Dynamic; instant business when properly sited in high traffic area; small business ‘footprint’; constant cashflow given its impulse-buying nature.
WEAKNESSES: Start-up costs; staffing; franchise costs if that option pursued (copying them and keeping all proceeds would be a better option).


Business Computer Relocator
In these times almost everything is automatized, and those processes involves a computer. Computer issues needs to be solved, so investing on the field of solving computer issues (as relocating, backing up, technical service...) is a profitable business. But will you find enough qualified staff to do the job?

CONCEPT: When businesses need to relocate, one specialized aspect of this move is the safe and orderly dismantling, transportation and re-installation of their computer systems. This is a very lucrative area of IT small business and for the tech-literate, an excellent potential small business.
STRENGTHS: Home-based; low overheads (apart from vehicles – which could be hired specifically for each job); networking opportunities with clients (no pun intended).
WEAKNESSES: Canvassing of businesses initially, Yellow Pages advertising essential including online + on Google; staffing; low repeat business cycle as businesses don’t move that often.

1 comment:

  1. Rather than just copy you should have:

    a. visited the website
    b. included a picture in your blog
    c. carried out your own evaluation

    Like this:

    http://laurence-guntert.blogspot.com/

    ReplyDelete