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How to protect a business idea

Download your free in-depth guide to the best small business ideas in the UK. Get instant access to expert hints and tips in the click of a few buttons. The British Chambers of Commerce exists to make a difference to businesses. It offers critical business advice, services and skills development. We help businesses of all shapes and sizes, from start-ups to international organisations, through every aspect of running a company. If you need help with accounting support services, company secretarial matters or understanding tax implications, contact our expert advisors here.

  • With many print-on-demand services, you’re paying per product, so the base price per unit will be more expensive than if you were to order in bulk.
  • To start your personal shopping empire is relatively simple; it’s a purely service-based business relying on your knowledge of the latest goods that can be bought and what would work for different clients.
  • The second way to generate business ideas is to consider your skills, assets and interests.
  • To begin to explore franchising, you should take a look at the franchises available, then carry out market research to establish whether a particular franchise brand/business model would do well in your area.
  • The Shake Weight has made approximately £28 million in profit to date.

You only need access to water, labour and some cleaning supplies (you’ll need to decide whether your cleaning interiors, exteriors or both). A basic car wash is a relatively low cost with cleaning fees per car varying between £5-15 on average; thus, this business lends itself to volume. The marketing for this type of business is all based on networking, you’ll need to build relationships with mid to high-level net worth individuals.

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It also makes a great gag gift for the adrenaline junkie that already owns every other piece of fitness equipment. The Shake Weight has made approximately £28 million in profit to date. One thing you wouldn’t expect to emerge from WWII is one sfcarinsurance.net of the most popular toys of the late 20th century. Nevertheless, naval engineer Richard James accidentally created theslinkywhen he knocked over a spring in 1943, and the toy has made over £180 million in profits since that fateful day.

With a book of regular customers returning every 6-8 weeks, you can be in charge of your own affairs. Offer your services for special events too, like weddings, or look into mobile hairdressing. Many people, particularly those with young children, might find this a better fit for their lifestyle than taking time out to visit a salon in town.

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They work much like a subscription-based business—customers make recurring payments in exchange for a virtual product or service. Otherwise, market research enables you to gauge response to your business idea. Basically, you have to communicate directly with potential customers to find out what they think about your products/services and prices. The first way to generate business ideas is to look at the market. It is essential that you sell goods or services that people want and that there is demand for throughout the year. Pet grooming is as essential to owners as their own grooming habits.