Business Scenario - your view

[Andyw]

is 1,000k and mouth enough to generate this?

[oraclesmith]

you got it. 200GBP per client profit on average.
costs are per client.

just a pure numbers game ive got to get 12 clients per week x 18 weeks.

is 1,000k and word of mouth enough to generate this?

You mean £1k !

Answer is... I doubt it. Have you done targetted potential clients or just put put some general advertising ? If the latter, then what exactly ?

[Andyw]

this is what El Duder will look like when he signs up his first client...

[el duder]

You mean £1k !

Answer is... I doubt it. Have you done targetted potential clients or just put put some general advertising ? If the latter, then what exactly ?

no its very targeted. because its a specialised market, all my advertising is strictly targeted.

thing is im not prepared to risk anymore than 1k on this, as u can see im hardly loaded.

[el duder]

this is what El Duder will look like when he signs up his first client...

already signed up a client numbnuts.

and yes already tulipting myseklf.

[BlasterBates]

You have a only a fraction of the customers you actually need so it doesn't look you'll make much in the short term. I would run this "on the side" to see if it takes off. Just remember most business ideas fail. Not that I want to be pessimistic . So unless you're really confident or have stacks of cash you're prepared to throw away, I'd go ahead carefully.

[Andyw]

no its very targeted. because its a specialised market,

What is it then ? naked rambling walks for goat herders ?

[el duder]

You have a only a fraction of the customers you actually need so it doesn't look you'll make much in the short term. I would run this "on the side" to see if it takes off. Just remember most business ideas fail. Not that I want to be pessimistic . So unless you're really confident or have stacks of cash you're prepared to throw away, I'd go ahead carefully.

totally. as its only for 18 weeks, it was always intended as a side-project to generate some cash.

if i can do well the obviously i would try and steadily grow it. but the idea for now is to generate some cash, build somethign that is scalable and make time for me.

[Paddy]

A friend of mine in London is in his fifth year trading at a loss. I worked out he was loosing £5 per customer so I advised him to get a bunch of fivers and hand them out to the public. That way he doesn’t exhaust himself as well as loosing money.

[el duder]

Ok, so assuming you make £200 per client net profit and costs are per-client rather than 'lumpy' (please confirm this), then you only need a few clients to break even. Anything beyond this is clear profit. Which begs the question as to why your critieria for success so high? If you consider it as a pilot rather than a make or break, you will be able to scale up to your target profit the next time around.

i think thats the best approach. this first time is a pilot basically.