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7 Steps - Seek, Find and Create Your Own Business Opportunity

Opportunity

You’ve read the ‘success’ stories, mates having a conversation at a bar, produces one of the most popular board games of all time; the Uni student with brilliant ideas about a platform for easily accessible ‘graphic design’ programs! The rest is history! And not to forget the internet provider that grew out of a local suburban backyard garage, vision that helped change the world of telecommunications. 

Makes you stop and ponder, wonder!! 

Are you reading this and thinking so why not my idea!  

Or are you contemplating, what is out there yet to be discovered, or uncovered, what could be the next greatest ever success story! Inspiring stuff!

Starting a Business  

Not for the faint hearted, can be daunting but if you are ready to take up the challenge keep reading! 

Gathering ideas: 7 Steps to help guide you. 

  1. Finding an idea: Investigate markets. Importantly, is there a gap, possible demand for a product or service. It's critical to undertake market research. Have consumers buying and spending habits changed; are there different, new, wants and needs; what, which demographics are influencing markets e.g. aging population needs, more people travelling, rise of pet ownership.  
  1. Be wary of trends, they come and go. A healthy unique Business offering should focus on longevity, a foundation built on innovation and passion. Love your business, what you are doing, and you are halfway there!  
  1. Research your idea: Consider, ask yourself, is your idea realistic, unique, probable, and importantly, achievable.  Do your homework, test, get opinion from your close circle only.   
  1. Test your idea: This is the groundwork. Test the market by seeking feedback from potential customers. Is there a need, want, could, would it solve their problem and what price are they prepared to pay? 
  2. Create, Build your Proposal: this is about developing your Business Model and Plan. You need more that excitement, you need all the facts, figures, possibilities and probabilities to expand your idea, to make it believable and achievable. It's turning your dream into a tangible reality.
  3. Taking the next step: Back yourself and your idea, be honest, tell your story.  Need investors, funding, share your Business model and plans, speak with confidence and conviction but ensure your enthusiasm is combined with realism. Financers will want to know there is substance to your proposal.
  4. Behind the scenes now is a good time to ask the question. What does it take to run a successful Business. Blackburn Accounting is here to provide the answers, offering a range of services which include: Family Business Management, Accounting, Bookkeeping, Taxation, Business Structures, Cashflow Management and Business Development. 

Tips for starting up: Watch this space – 10 Tips to Getting Started!