Tuesday, January 5, 2010

Top Ten Business Ideas for 2010?



www.Springwise.com have listed their top ten start up ideas for 2010 - some curious ideas!

1. Small-scale food production using membership models

The past year or two saw a huge increase in innovative, upscale mobile food purveyors working from trucks and selling everything from premium ice-cream to Korean BBQ tacos. Requiring an even lower investment, the next wave could be small-scale culinary subscription services, which allow fledgling entrepreneurs to get a foothold in the food business, and create a steady income and a loyal client base for future business activities

2. Low impact advertising

Realising that green concerns are here to stay, British media agency Curb offers nothing but low-impact advertising. Its first service used rainwater to clean logos into grubby pavements, and was quickly followed by other techniques that use sand, sea water, grass, glow-in-the-dark funghi and more to broadcast their clients' messages in an earth-friendly manner.

3. Health tracking devices

From wireless headbands that track sleep patterns to wearable gadgets that track every move, an increasing number of options is available for people who want to track their own health-related behaviour. Recording and relaying detailed information that was previously only available through medical monitoring, most of these devices aren't yet available worldwide, which creates a host of opportunities for distributors and localized versions.

4. Sample stores, cafes & vending machines

Sophisticated sampling—dubbed tryvertising by trendwatching.com—isn't new. On the rise, however, are dedicated spaces that facilitate sampling by a variety of brands, attracting consumers through the irresistible offer of free goods. Following sampling stores in Spain, sampling cafes in Tokyo and sample vending machines in Belgium, we suspect this concept will spread even further in 2010.

5. Discreet rooftop solar panels and wind turbines

While most homeowners would in theory like to generate their own wind or solar power, many are put off not just by cost, but by the aesthetic impact of wind turbines and solar panels. Aiming to resolve that problem are smart engineers who are creating new options that blend in with their environment. Two promising examples: rooftop wind turbines that almost disappear along the apex of a sloping roof, and solar panels shaped like traditional clay roof tiles. Plenty of opportunities here over the next decade, both in distribution and in the development of similar products.


6. Rotating retail at airports and in malls

Pop-up, temporary retail is still going strong, but a new alternative has entered the game: rotating retail. Two spottings: opening soon in Glasgow Airport is Planeshop, a permanent store that brands will take over for a limited time, including changing the shop's exterior graphics to match their identity. And in the Netherlands, BrandNew Stores aims to turn those fleeting pop-up shops into a chain concept, creating fixed spaces where brands can temporarily present themselves in a regular retail environment.

7. Remote farming for consumers

According to Wikipedia, farm simulation game FarmVille has become the most popular game application on Facebook with 73.8 million active users in January 2010. Offering consumers a way to remotely control a patch of land that will actually provide them with an edible harvest is a new Italian start-up: Le Verdure Del Mio Orto, which lets anyone build an organic garden right from their web browser. As the produce grows, it's picked and delivered to the customer's door within 24 hours. Weekly deliveries are part of the package.

8. Connecting creative consumers with local fabricators

A partnership between New Zealand-based Ponoko and North Carolina-based ShopBot Tools, 100kGarages is a community of workshops distributed around the world that are equipped with the digital fabrication tools needed to precisely cut, machine, drill or sculpt the components of virtually any creative project. The network allows designers or consumers turn their ideas into physical products, and creates new business for small workshops.

9. Paying consumers to promote products they use and love

As our sister-site trendwatching.com pointed out in its sellsumers briefing, selling is the new saving: a recession-induced need for cash plus an ever-growing infrastructure are fueling concepts that help ordinary consumers make money instead of spending it. One of the easiest ways to do so is by taking on the role of marketeer for products they already use and love: from promoting concerts by their favourite bands, to helping small companies launch new products.

10. Single-use toilet bag turns human waste into fertilizer

While this is a numbered list, we love all of these ideas equally. So, last but not least, a potential solution to a problem that 2.6 billion people have to deal with: no access to a toilet. Designed for use sitting, squatting or standing, the single-use, biodegradable plastic Peepoo bag is lined with a urea-coated gauze layer that disinfects all waste. Used bags are odour-free for at least 24 hours and are safe for burial underground. Within two to four weeks after use, their contents are converted to high-quality fertiliser—something that's also rare in many areas and could become a source of income and further enrichment for individuals or villages.




Thursday, December 31, 2009

Wakey Wakey


What - no new posts for months? Well, to tell the truth we have been so busy helping people to start their new businesses that we haven't had time to spare! Feeble excuse, so to pre-empt a New Year resolution we promise to be more active. The home site www.startbusiness.co.uk has had a makeover and now includes some business videos - check it out.

Saturday, February 7, 2009

MAKE IT HAPPEN – IN RECESSION!



Roy Robinson, a highly respected champion of the Self-Employed has allowed us to add this to our blog.

MAKE IT HAPPEN – EVEN IN RECESSION!

Over the years it has been asked at various times whether or not it can be a good idea to start a new business during difficult economic times. Apart from the inevitable “it all depends upon the type of business” reply, one definite advantage appears constant: if you start-up during a recession there is much less chance of self-delusion! There is always the danger that anyone who benefits from buoyant times and markets may begin to believe the success is according to their brilliance, rather than recognising that in those circumstances almost anyone could achieve some short-term success. As in the corporate world, it is hard-times and recessions which can test (and prove) the quality and qualities of their management.

General gloom and despondency can encourage a “wait and see” mentality – hang on in there and it may work out. This is the equivalent of the business that is sinking into trouble but ignoring the signs, taking no action, and hoping that it will all work out eventually. If things are quietening down – you have the time to do things!

So you’ve checked all the figures – you’ve addressed any fixed costs – you have reduced your expenses to a minimum. Forecasts have been re-worked, cash is being conserved. All essential – but what you really need are Sales – your only source of actual Income.

The trouble is that when times are good Marketing activity alone might be enough to bring in the customers – and many small businesses fail to recognise that that is very different from a pro-active (note active!) approach to Selling.

Do not abandon all Marketing (costs) without thought – but do appraise it carefully, and especially explore Promotion ideas which are cheaper or even free. A “good news” Press Release? (In the early 90’s we organised a very successful celebration of successful start-ups because all the media was reporting at that time were the failures!)

SO THE WEATHER’S BAD, THE CUSTOMERS ARE IN THEIR BUNKERS, AND THE TELEPHONE IS QUIET….IT DEPENDS UPON YOUR BUSINESS, BUT….

Call previous customers and suggest pre-booking work ahead – you’ll be busy later!

Better still, call in and see them - eyes open! - suggest things that may need doing…..

Targeted, “seasonal”, specific, one-off leaflet drops. (You’ve nothing else to do!)

Are there new ways of “packaging” what you do? New wrappers sell old chocolate!

Could your self-employed status be attractive to any businesses reducing staff?

Are there any markets you have not addressed which now are worth some effort?

Could you team up with other related/complementary enterprises and each promote the other? Enhances value of “slack time” used for these activities – and if you’re busy!

Go looking for potential new customers who may benefit from what you offer!

Carry business cards/ comp.slips everywhere. Turn “network” into a verb!

Is there anyone in your territory that does not know of you? Why?

Have a look at “Always Think Ahead” in this section. Have you been actively selling?

What exactly are you doing with your days when business is quiet?

In the same way that some people can charge higher prices than others in the same business – in the same way that some individuals can get very different results from otherwise identical businesses…..some people will trade successfully throughout any difficult times. But they will do different things and look at things a different way. What they will not do is refuse to change or question anything and decide to wait and see what happens!

SO WHAT ARE YOU PERSONALLY GOING TO DO ABOUT RECESSION?

Wednesday, December 31, 2008

How A Bank Manager Thinks!


When talking to your local business bank manager
(how a bank manager thinks)

Never say:
‘I have the greatest idea since sliced bread – and nobody else is doing it.’

Bank managers are by nature not risk takers. You are not talking to a venture capitalist. They went into banking as a secure career option ( i.e. they are not risk takers but cautious types! ) and in you trot asking for money against an idea that they will perceive as a risk - particularly nowadays!

Phrases like ‘no one else is doing this in this town’ or ‘it is completely unique’ will get them reaching for oxygen.

Stress that your idea is as old as time – but you have a new twist on it. And, your money is safe in my hands!

Not so cheerful - but, Why do Businesses Fail?


Why do Businesses Fail?

Many reasons… a mix of these:

Credit problems.
Poor location.
No, or too few, customers.
Red tape.
Under-capitalised.
Over-trading.
Health problems.
Family commitments.
Poor management skills.

But one of the biggest in my humble opinion:
Lack of experience.

Don’t assume that being your own boss makes you automatically a good boss.

My background is in sales and marketing management. When I went self-employed I thought I knew how to run a business. Well, I knew those aspects. But not finance, administration and all those other skills. When you were employed, others took care of their sections.

Remember – employment is nothing like self-employment. But also remember - when you get it right, it beats employment hands down!

Saturday, October 4, 2008

Self-Employed Pitfalls to Avoid No:2




• Over-caution: learn to take risks and when to stick your neck out. The faint-hearted won’t progress. Can you accept that by starting your own business you are a risk-taker? Are you comfortable with risk-taking?

• Easy target-setting: while you need to be sensible, fear of failure may make you set your sights too low.

• Financial motivations: sounds bizarre, but if you think self-employment is a quick road to riches, you could be in for a rude awakening. Try the lottery or Pop Idol instead. Keep cash in sight, but let other reasons for self-employment be your prime motivators, at least to start with!

• Procrastination: or, put simply, over-indulging in thinking and planning and never getting on with it. Oh yes – time management for the self-employed is an important skill to master.

• Butterfly mind: in other words, one that flits from task to task. Self-employment can offer variety, just avoid all 57 of them!

• Cul-de-sacs: a polite way of saying keeping on course and not chasing too many other opportunities. Yes, keep an open mind to new ideas, but without losing focus.

• Poor delegation: seeing your business too much as ‘yours’ and precious to you. Others – and it could be your employees – can help you achieve your goals, so work with them.

• Not watching the opposition: it exists and it wants to take your customers away. Keep an eye out; remember that your customers always have a choice. Never, ever fall into the trap of believing that you have no competition. You are too sensible for that surely? Your competition may not be direct. Just remember that customers always have a choice how and where to spend their cash.

Thursday, September 11, 2008

What A Good Idea 1


Founded by publisher, HarperCollins, www.Authonomy.com is a new site that invites unpublished or self-published authors to post at least 10,000 words for visitors to read online.

Visitors review and recommend books. Authonomy keeps track of the number of recommendations a book receives and ranks writers accordingly. To help authors make it from computer screen to printed book, once a month the top five books are delivered to the desks of HarperCollins commissioning editors.

The website is free to use both for readers and writers, and HarperCollins hopes the wisdom of the crowds will help them unsource potential hits that individual editors or agents might otherwise miss, or just don't have the time to read. Needless to say, the site could also prove to be a good marketing tool once manuscripts are actually published, since authors won't have to build a fan base from scratch.