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Archive for the 'Start-Up' CategoryStarting a Small Business with Family Members?By Stefan Töpfer on Dec 06, 2008This great little video will give you a couple of things to think about. I believe – as a bootstrapping technique – starting a small business with family members is a great way to go about starting you business.
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WinWeb launches ‘Business’09 – Win £10,000′ Competition And Unleash It! Challenge.By Stefan Töpfer on Nov 15, 2008London/New York/Brisbane, November 17th., 2008. Today Winweb launches it’s long anticipated ‘Business’09 – Win £10,000‘ campaign for small business and pre-entrepreneurs. The launch coincides with Global Entrepreneurship Week and Enterprise Week 2008. The finalists and winners will be announced during the same events next year. WinWeb makes it’s own 15th anniversary celebration into a ’start and run your own small business celebration’, honoring individuals and small business owners, who have the courage to turn their dreams into reality. WinWeb and It’s Supporters & Sponsors have set themselves a Unleash It! Challenge until Global Entrepreneurship Week 2009, to be instrumental and inspire at least 1000 new business startups. ‘We are recognizing the fact that small business makes up to 95 % of all businesses worldwide, generates over 50 % of GDP, a staggering 60 % of all innovations and have a long lasting positive impact on local communities world wide’, says Stefan Töpfer, CEO of WinWeb. The questions asked in the competition will provide an inside to entrepreneurs thinking prior to and after launching a small business. These findings will be published in a separate report later next year. Especially in these times of economic downturn it is essential to understand the motivation of ‘would be small business owners’, to foster an environment in which small business can flourish. Encouraging small business owners and budding entrepreneurs with the inside that starting a small business often does not need money, but primarily time, is another way by which the campaign hopes to help in the creation of new small businesses. WinWeb enlists the help of a high caliber panel chaired by Professor Ian Angell of the London School of Economics(LSE) along with media and small business professionals from Europe, the United States and Australia. WinWeb encourages media and new media, especially bloggers, to support the campaign and to help make it a success and reach WinWeb’s goal of starting a minimum of a 1000 small business during the next twelve months. The independent panel will report in on the final number of small business startups during Global Entrepreneurship Week 2009. ‘If our joint efforts would bring about the creation of only 1000 new small businesses worldwide, and I believe we can start many more, then this campaign will have been a great success for all involved, so we ask for as much support as possible. I would love to see this campaign to go viral, to maximize the benefits to society as a whole. This is our Unleash It! Challenge during Global Entrepreneurship Week 2008′, says Stefan Töpfer. Details, on how to get involved, can be found on the campaign website under ‘Support Us.’ Regular updates of the Business’09 Campaign will be available at the two official campaign blogs, the WinWeb Blog and The Small Business Blog and other supporting media and blogs. WinWeb was founded in 1994 by Stefan Töpfer and has become the leading provider of on-demand online software (SaaS) and real business services to the 1 to 10 people SOHO and Micro Business Market. Based on WinWeb’s OnlineOffice, the Small Business Infrastructure has provided hundreds of thousands entrepreneurs with an micro business eco-system. This enables the micro business owner to access professional services on a time-shared basis for ad-hoc, projects, short-term or long-term demand, enhancing the businesses competitiveness and productivity, while keeping cost down and variable. This greatly enhances long-term survival of micro businesses. Media Contact: Mr. Simon Robinsons of Farm Street Communications, London, U.K. Telephone: +44 (0) 207 436 9844
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Small Business Start-Up Idea – Website ReviewsBy Stefan Töpfer on Aug 04, 2008There is such a wealth of information on the Internet that it can often be hard to find what you are looking for or to know whether the webpage that you eventually find is actually any good. A website which reviews other websites is useful for people who are navigating the Internet in search of information. You will find that once you reach a certain level of success then you will have corporate clients prepared to pay you for a professional review of their website. This will involve a formal report featuring recommendations about things which need to be changed. Skills needed: You will need to have a good understanding of the way in which search engine optimisation (SEO) and online marketing operates. A background in website design will be important for establishing your credentials as someone with enough experience to criticise the work of others. You will need excellent communication skills and the ability to explain your recommendation to clients without using confusing technical jargon. Business environment and set-up cost: The main barrier to having international clients will be the language differences. However, this is a service that is in demand all over the world and therefore you could get work from abroad. If you already own a good computer then this business can be set-up for very little cost. However, if you wish to offer very in-depth reviews complete with statistical analysis then you may have to purchase specialist software. Some money will need to be set aside for a marketing budget. The overall start-up cost will range from £1,500 to £5,000 (2,000 – 6,500 EUR, 3,000-10,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You could offer consultation relating to online marketing and other promotional activities. Notes: You professional review will be (if you are doing your job correctly!) critical in nature. Due to the subjectiveness of this type of work, the client may not necessarily agree with your verdict. It will be essential that you can back up what you are saying with examples. Also, remember not to give the client any information until you receive the full amount for the work you have completed. Online examples & resources: For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea – Association ManagementBy Stefan Töpfer on Jul 29, 2008Association management refers to the handling of administrative functions such as bookkeeping and accounting, or more mundane tasks such as taking minutes at meetings or distributing newsletters. These are repetitive tasks which do not take up large amounts of time so if you are well organised it will be possible to have a number of clients without a negative impact on your quality of work. Skills needed: The most important skill you will need is the ability to stay extremely well organised when dealing with multiple clients. In addition, it is important that you are able to communicate well with all your clients. Some basic administration skills would be helpful. Business environment and set-up cost: There is not a lot of potential for international business because you will need to work closely with clients. It is likely that only firms in the local area will be your customer. This is an inexpensive business to set-up as no inventory is needed to begin. The overall start-up cost will range from £500 to £5,000 (650 – 6,500 EUR, 1,000-10,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You could also offer to handle promotional services for your clients such as newsletters. If you can attract advertisers to the newsletter then you will generate extra revenue. Notes: To avoid confusion or disputes you will need to have a clear contract with each client detailing the services that you will provide and the timeframe in which they must be completed. Online examples & resources: For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea – Press Release DistributionBy Stefan Töpfer on Jul 22, 2008It can be difficult for a small business to know how to get their press release seen by the right media outlets. This can result in the business wasting valuable money on a press release which nobody ever sees. Therefore, many businesses make use of a press release distributor (otherwise known as a wire service) experienced in handling the media. If you have experience of doing this previously or have many contacts in the media then this business could be right for you. Skills needed: You will need to be familiar with the press release procedure and have some kind of background in journalism. Business environment and set-up cost: It is possible that you will have international clients who want to outsource their press release distribution, either because they cannot handle it themselves or because they want to test the market. This business is fairly inexpensive to start if you already own the basic equipment (computer, printer & scanner). The main cost to you will be information you might need to purchase regarding media contacts and media research. This kind of information can be quite costly but it will be a necessary purchase if you do not have a media contact database already. The overall start-up cost will range from £2,500 to £12,500 (3,000 – 15,000 EUR, 5,000-25,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You could offer a service which tracks the exposure of your press release across the media. Notes: The success or failure of this business depends mainly upon the accuracy of your media contact information. You must also be able to target the appropriate contacts for each press release or else you run the risk of annoying them with irrelevant information. Online examples & resources: For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea – MonogrammingBy Stefan Töpfer on Jul 17, 2008A monogram is an overlapping motif which forms a symbol. If you are good at embroidery then you could sell your monogram designs online. You can place your entire catalogue online so that customers can easily browse it. The majority of your sales will come from corporate clients who want their logo on clothing; therefore if you impress them then you are likely to get repeat business. Skills needed: You will need monogramming experience in order to make the products. It will also be important for you to have an eye for selecting high quality clothing suppliers, as poorly made items will reflect badly on your company. It would be helpful if you had basic web publishing skills so that you can update your website easily. Business environment and set-up cost: The items you will be producing are quite lightweight and therefore can be shipped internationally without incurring massive postage costs. If you own all the standard equipment (computer, printer, digital camera & scanner) and specialist embroidery equipment already there is not a huge cost to start this business. You will need to pay for a professionally designed website and online storefront. The overall start-up cost will range from less than £2,050 to £12,500 (2,500 – 15,000 EUR, 4,000-25,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: The other main outlet for your products (other than corporate) is the gift market. You could offer a gift registry service for special events and add-on services such as gift wrapping. Notes: You must be competent at pricing your products well and also able to manufacture whilst working within a tight budget. Online examples & resources: For previous SME start-up ideas, look through the archive here
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Small Business Lists – 100 No-Cost Start-ups (Part Two)By Stefan Töpfer on Jul 16, 2008Here are some more business ideas that cost nothing (or very little) to start-up.
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Small Business Start-Up Idea – Art Supply StoreBy Stefan Töpfer on Jul 15, 2008The traditional art supply store is becoming a rarity as more people start to buy their supplies online. The convenience of the Internet allows artists to easily purchase the supplies they need. This is especially useful for people who require uncommon or niche supplies that would be hard to find in most art shops. All you need to run this type of business is a website with an integrated online shop. Skills needed: It will be helpful if you are familiar with the products which you sell so that you can deal with customer enquiries. Business environment and set-up cost: This business has potential for being successful in other countries, especially if you sell a diverse range of products. The cost to start this business is relatively low. You will need to pay for the design and hosting of your website and online shop, plus the initial cost of purchasing an inventory. The overall start-up cost will range from less than £1,250 to £2,500 (1,500 – 3,000 EUR, 2,500-5,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You could work in partnership with your artist customers to help them sell their artwork. This could be achieved through listing classified adverts or by running an auction. Notes: As with every online shop, it is essential that your inventory is kept up to date. If you are out of stock then your website must display this immediately because it is very unprofessional if a customer orders something you do not have. Online examples & resources: For previous SME start-up ideas, look through the archive here
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Small Business Lists – 100 No-Cost Start-ups (Part One)By Stefan Töpfer on Jul 09, 2008In the first of a new series of posts, here are some business ideas that cost nothing (or very little) to start-up.
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Small Business Start-Up Idea – EzinesBy Stefan Töpfer on Jul 08, 2008An ezine is an online magazine featuring content written by you in order to attract a regular readership. If you are able to build up an audience then you can sell advertising space within the ezine. The choice of content is up to you, but do make sure that the subject you choose has the potential to be profitable. Many ezines make use of Web 2.0 technology in order to make them fully navigable in the style of a traditional magazine. Subscribers generally receive a link to the newest issue via e-mail. Skills needed: You must have excellent writing skills and a passion for the subject you choose (or else it will quickly get boring!). A familiarity with HTML and web publishing programs is necessary – however this is easily learned with the aid of a ‘Dummies’ guidebook or similar. Business environment and set-up cost: There is some international potential for you due to the amount of people worldwide who can speak English. You could reach even more people if your ezine gets big enough to warrant translation into other languages. Other than consuming a large amount of your time, this does not have to be an expensive business to start if you own the basic equipment (computer, printer, scanner and digital camera). Your ezine will likely start off looking relatively basic but if it is successful then you can invest further in getting it professionally designed and paying for contributions from guest writers. The overall start-up cost will range from less than £1,500 to £10,000 (2,000 – 13,000 EUR, 3,000-20,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You are free to sell re-publishing rights to other ezines or traditional magazines. Your writing may also get you freelance work with other publications. It is possible to generate extra income by becoming an affiliate of a big store such as Amazon. Notes: Encourage feedback so that you can better understand what your readers like or dislike about the ezine. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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