Business Plans

SeaTheStars

Free Member
Jun 14, 2009
156
9
Hey UKBF,

as a natural born deep thinker, I am a very quite person who continuously likes to keep thinking of ideas, inventions, designs, potential businesses which has led to me putting some of these into current frameworks which we call the business plan.

Over the summer I have put together about 35 different business plans covering a range of products to services and admittedly I’ve got 1 or 2 gems put away which I have my heart set in stone on these but I’d like to know who I can give these ideas too, maybe get some advice from potential capital venturists or those who run businesses of their own.


Would anyone recommend any events, contacts or other sources I could get in touch with?
 
Hey UKBF,

as a natural born deep thinker, I am a very quite person who continuously likes to keep thinking of ideas, inventions, designs, potential businesses which has led to me putting some of these into current frameworks which we call the business plan.

Over the summer I have put together about 35 different business plans covering a range of products to services and admittedly I’ve got 1 or 2 gems put away which I have my heart set in stone on these but I’d like to know who I can give these ideas too, maybe get some advice from potential capital venturists or those who run businesses of their own.


Would anyone recommend any events, contacts or other sources I could get in touch with?
Do they all need big investment?
 
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I guess some of the 35 ideas have a better chance of success than others? If so I suggest:

  1. If you have not yet done this, prioritise them in terms of most likely to succeed / biggest growth and profit potential / best chance of attracting funding / capital
  2. Take say the top 5 and try to get them moving or they will just stay as ideas
  3. Make sure your Business Plans are in the best possible shape before seeking funding - get an independent view on this
  4. If you have enough equity yourself then just seek bank funding if required so you do not have to give up some of the ownership
  5. If you have no experience of setting up or running a business, contact your Local Enterprise Body
Tony
 
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Well getting someone interested in your business plans can be tough. And I agree with Tony that you need to prioritise your ideas in such a way that you find a perfect match for the missing puzzle. What I mean is, there must be some ideas which might not need huge investments, so if you come across someone who might not be willing to spend so much, you could offer your idea.
And again make sure you either not disclose your complete idea or make him/her sign the non-dis-closer agreement.
This is keep you idea from fading away in different hands.
And the best way to get someone interested is to do the best mouth-to-mouth, marketing.It might be time consuming, but let us be very frank, it works the best.
 
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Here is the challenge of business. It is not the multitude of ideas, but the delivery of a few, that will build a business.

I meet many creative thinkers in business. They pump ideas out rapidly - many of them fine, doable ideas.

But, for the most part, an idea has not commercial value. People will not pay you for one, usually.

So I would encourage you to pick out the one or two gems of which you speak, and set about making them happen yourself. Cost them up. Investigate ways of gaining the funding needed. Be patient, be prepared for some hard work. Be disciplined, too - focus on those one or two gems.
 
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Im sure this is not going to be easy for him..But again people are looking for such people who can provide big and profitable business plans.

He should def. give it a try.
 
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I handed them out for free at a local Business convention, looking to hear from someone but it's been 3 weeks without a whisper yet.

Quite worried.
 
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I'm slightly confused....you handed out 35 of YOUR business ideas to unknown business people at a business conference and you want people to invest their money with you,and you're a deep thinker........
 
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You should contact your local enterprise promoters for example mine is Invest NI and they gave me a lot of help with my business plan. Dont forget to sort out non disclosure agreements.
 
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Narrow down your ideas from 35 to 1 - the 1 you most want to do which is also commercially viable.

I find that you need to give something 100% of your attention to make it succeed.
 
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