Category: Business ideas

Questions to ask yourself when starting your own business

Learn the ins and outs of your chosen industry and focus especially on the things you find most difficult. Sometimes the perceptions of how a professional life in the industry looks quite different than it actually is. Every road to success has its challenges, and as you learn more about your industry, it will be easier to envision what kind of issues you may come across and what it might take to overcome them. Related: Opening a business bank account Try it out Before you start your own business, look for a way of getting some hands-on experience. This may ... Read more

Top 10 TED talks to inspire your innovation and creativity

If you’re desperately looking for business ideas but can’t seem to find any, you may be looking in the wrong place or may be doing something not-entirely-correct. Ideas don’t just light up like Christmas trees, they are rather the result of collaborative moments where amateur entrepreneurs have found ways to free a collective genius and trigger creativity. These 10 TED talks will illuminate how to become more creative and innovative. So free yourself of all strings, and let your group’s entrepreneurial creativity run free towards a new brilliant product! All you need is a few ‘partners in crime’ and lots ... Read more

60 Online business ideas that you could start today!

Starting an online business is a tempting prospect – but that’s the easy part! The real challenge is to find out which opportunities are specific to your area of expertise or knowledge. To make your decision making a bit easier, we have created a list of online business ideas which shows you some specific examples of independent career paths suitable for various skill sets. Related: 100 business ideas you can start today Online sales business ideas 1. Affiliate Marketing As an affiliate marketer, you are earning commission from selling someone else’s products. You might need to make an initial investment ... Read more

Can you build a startup in the paradise of Bali?

Bali is a success story in branding, known the world over for being a paradise. Say ‘I’m going to Bali’ to anyone and you will encounter similar responses as if you said Hawaii, Fiji or the Seychelles. Related: Starting a business Bali is beaches, beautiful scenery, volcanoes, wildlife, good food, five-star resorts, year-round sunshine and warm temperatures, and did I mention beaches already? As volcanic Indonesian island near the equator, it is blessed with an abundance of life, beauty and warmth we in northern Europe spend most of the year longing for before jumping on a plane and escaping somewhere ... Read more

5 Tips for starting your own business

Apart from getting employed at their preferred organisations and companies, graduates might also consider entrepreneurship as a viable career option. Though, they may hesitate to establish their own companies, as they might not consider themselves experienced enough. However, this has little to do with the failure or success of a start-up, and below are a few guidelines and tips for aspirant entrepreneurs, to help them ensure the survival and progress of their businesses. Build on the functionality of your ideas Primarily, to initiate a business you need to have a unique and functional idea or concept for the product or ... Read more

Creating a winning startup

The success of a start-up is mainly dependent on the capabilities and efficiencies of the team or individual running the business. If they have sufficient and relevant skills and are competently able to meet all the industry requirements, the start-up business had higher chances of survival and success. Moreover, experience and exposure to the industry only adds to the expertise of the team and accelerates the business’ progress. Related: Starting a business Expert skills and predictable results are indicative of the business’ success, and below are a few suggestions for laying down the basis of a successful start-up business. Hire knowledgeable ... Read more

100 business ideas you can start today for less than £5k

Starting a business is tough, it’s a long hard slog, and statistically, you’re destined to fail. But getting a business off the ground is only a problem you’ll face if you can come up with a business idea to begin with. I ran my own company for about two years, but it took us three weeks and a lot of ‘meetings’ at pubs to eventually come up with something we wanted to do. Related: List of small business grants in the UK Whether you want to make some money on the side, run something when the kids are at school or ... Read more

10 Insanely successful businesses that started small

When we think of today’s industry leaders – be it Samsung, Walmart or JcPenney – rarely do we remember that they were all once just another up-and-coming startup, looking to hit it big. In fact, most of these giants had less than stellar beginnings, launching their business on a shoestring and slowly climbing their way to the top. Here’s our countdown of top 10 businesses that started small, but are now incredibly lucrative. 10. Johnny Cupcakes This business started by selling t-shirts, sweaters, shorts and undergarments in a bakery-themed retail shop. The initial investment was $6,700. The firm is now ... Read more

Is there a good age to start a startup?

In the world of tech and startups, there are often topics of discussion relating to the demographics of the founders. The Centre for Entrepreneurs recently released a study in the UK stating that migrants are twice as entrepreneurial as British-born people. Also, there have been highly contentious opinions on the accents of founders and the impact that the strength of their accents has on their ability to succeed. Women in technology and the number of female founders is also something that many are discussing, and even the benefits of a university education are sometimes brought into question too; even Harvard ... Read more

How to start a business in your spare time

One way of reducing the risk of starting up your own business is to hold onto your day job in the early days and work on your business in your spare time at evenings and weekends. It’s an appealing idea because if your business venture fails then you still have your job, and if it succeeds then making the transition to being your own boss will be a lot less risky.  In fact, there are now so many people running businesses from home in their spare time at evenings and weekends that there is even a name for them – ... Read more

How to build a highly disruptive tech startup in 5 steps

1. Finding a serious problem to solve More than one year ago Benjamin and I (Frank) met to discuss the future of the web. We shared two strong opinions, web services are great, but the way they are implemented is not. Centralised web services are restricting our creativity as developers and our freedom as users. We came up with this crazy idea “we have to give back the server to the users”. A serious problem to solve and a vision to achieve it brings a huge amount of motivation and energy. 2. Observing then building an MVP Both of us ... Read more

How to come up with startup ideas?

In a world bristling with budding entrepreneurs, eager to form their own Startup, launch a product or revolutionise an industry, good ideas are often seen as the most important factor. But this is not the case as even good ideas fail with poor execution. Execution is getting a product or service to market, reaching the largest number of potential customers and convincing them of the value your product has. It involves marketing, product development, communications, team formation, funding, book balancing, business planning, growth strategy and delivery of high-quality products/services. High-growth Startups always have excellent execution, the idea is of secondary importance. ... Read more