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The most important thing in your business plan is the market research.
What is your potential market, how do you plan to reach them i.e. advertising etc, and who are your competitors ?
If you're a local business, Plumber etc this is fairly easy, i.e. you stick yourself in the yellow pages and away you go.
As an internet company this could be tricky, especially providing a "radically new service", because no-one is aware of it. You really need to think that through. Maybe engage a spam e-mailing company.
...oh and before you start get some sort of response from potential customers. What you personally think is a fantastic idea might not be.
Oh and by the way you can't patent a legal loophole, and you can't patent a business concept. The only thing that will be protected is the company name and any literature you publish. Your idea will be copied.
Something sensible at last!
Market = everyone. Advertising = TV prime time and brand partnerships. I have approached 3 well known vendors (who I have funny handshake tea tray wink wink histories with) who shift the class of brand and 2 are willing to enter a partnership when they see something working..
You can't patent a business concept but you can patent a device. This is a device.
The lead time for the idea is quite long so I'd be well in pocket before anyone appeared doing the same. The idea was designed to generate up to £15k clear profit a day. Another company would have a lead time of 6 months.
The £20k comes from the fact I have SFA cash as I just bought a flat and am ripping it out. Equity release is impossible as there is pretty much nothing to release at the moment.
"The idea was designed to generate up to £15k clear profit a day.",
why _only_ up to 15k gbp clear profit a day ?
Aren't you limiting yourself a bit there ?
Milan.
No - that's plenty. Anything else would involve employing more than the 2 projected monkeys to procure and pack, therefore leading to a company that will snowball out of control. Keep it small, keep it lean, keep it profitable.
The £20k comes from the fact I have SFA cash as I just bought a flat and am ripping it out. Equity release is impossible as there is pretty much nothing to release at the moment.
You might have cost yourself £15K per day in profit because you wanted to buy property rather than use everything you had to create a business?
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