Thinking about a new career?
Whether you spend them chilling on a beach or trekking through the wilderness – summer holidays are the opportunity to get away from it all and tune back into your personal aspirations.
People with a burning ambition to start their own business take the time during the summer break to think through their plans and take those first vital steps. Which is why this summer, Business Link has produced an informative podcast, which covers all the issues that you need to consider before taking the plunge.
The 30 minute production features practical advice from Andy Reeve, Business Link advisor and interviews with three local entrepreneurs who have recently started businesses, providing first hand accounts of the challenges faced.
A business idea could be an invention, a new product or an original idea or solution to an everyday problem. Listeners are encouraged to consider a gap in the market that they can fill; a business related to work that they already do or an interest or hobby that might be turned into a business.
Business Link adviser, Andy Reeve, has provided the following checklist of things to consider in shaping your business idea:
- Is there a market – a need for the idea, and customers who will pay for it?
- How big is the market, and how will you reach it?
- Who will be your main competitors?
- What is special about your idea, making it different from similar products or services already out there?
- How will you fund your idea?
- What might go wrong?
- What is it that you will personally bring to the business in terms of relevant experience and expertise?
Listen now!
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