The story from a highly frustrated UK start up Entrepreneur has been dictated to me by one person and told to me by others , who have similar stories. Here is a summary of what I have discovered; May I also suggest you read a well written article by Brad Nosser, below. “Are we doing enough to support small business growth? I posted an article into my Blog “Interco Development and Training/BASS Business Skills Charity site” called “Are we doing enough to support small business growth? in the UK (My addition) This a well written and thought out article written by Brad Rosser, Non-Executive Chairman, Xref, who does not believe the UK Government has a well-orchestrated plan for ongoing small business support. Personal comment. I support the article but…… I still do not believe the report gets to the Nub of the real issue and that is for small start-ups to find actual funding both Grants and Secured and Government-backed loan funding is a nightmare. My story that follows is from a story of a fairly astute businessman with his startup experience. I didn’t just accept it I went through his documentation and it was all confirmed. I can now say in
5 Steps You Can Use to Find Your Niche with the thanks to Thomas Smale•Contributor, which is taken as an extract from Entrepreneur. You want to start a business, but the thing that’s holding you back is the market niche you know you need to choose. And, honestly, this can be tricky: You could list all of your interests and passions and still come away feeling as if you haven’t hit upon the singular thing you were meant to do. Yet putting that kind of pressure on yourself to choose the exact right niche may cause paralysis. Certainly, you want to do your due diligence in selecting a viable niche business, but it’s better to get up and running than to wait around. That way, you can test out ideas, enter the market sooner and learn from your successes and failures. That way, too, if your first business doesn’t take off, you can always take what you’ve learned from previous attempts and move forward with new ideas. If you’re struggling to decide, or you need more data to work with, use the following five steps to find your niche. 5 Steps You Can Use to Find Your Niche 1. Identify your interests and passions.
Check out these Eight tell tale signs of a declining business. If you’re still uncertain that Your business is in serious trouble, then pay attention to the following Eight telltale signs of a declining business 1. Low sales. The first, and most obvious, sign that your business is sinking is low sales. This could either be lower than expected projections or a decrease in sales than the previous quarter. Your business can’t succeed without a steady income to pay all of your expenses. When you notice that there’s a sudden decrease in sales, you need to diagnose the problem. Begin by surveying your employees and customers, conducting a competitive analysis and examining the outside environment, like societal changes or natural disasters. This should give you a better understanding of why there’s a decline in sales and if there will be a turnaround. If it doesn’t seem likely the industry or your business can turn things around, then it’s rather clear that your business is in trouble. 2. You can’t remember the last time you spoke to a client. Customer service reps aren’t the only ones talking to your customers. Even as a founder and CEO, it’s your responsibility to talk to your potential