Let’s Begin

Introduction

According to the Office of National Statistics published 8th October 2020, it is estimated that nearly 20% of all businesses in the UK are owned by smaller entities (employing between 1 and 9 employees).

These businesses clearly make a very important contribution to the overall economy and due to their and your services we all gain a little.

the concept

Meriam’s Websters online dictionary describes a concept as ‘something conceived in the mind’ in other words – AN IDEA

It has been said that the most powerful device known to man is an idea. Unfortunately it is powerless if it stays inside of you.

WRITE DOWN WHAT WAS OR IS YOUR IDEA ABOUT YOUR BUSINESS

research

The purpose of research is to provide relevant information as to whether or not your business idea is in demand or will you have to create a demand.

There are basically 2 types of research:

1st: Primary Research = your own information collected

2nd: Secondary Research = from existing data from whatever surveys are available e.g. Google

WHAT, IF ANY, RESEARCH DID YOU CARRY OUT?