MAKE YOUR IDEA PRESENTABLE
The first step is to get your great business idea down and presentable – demonstrate your vision, who want’s to buy into something they don’t understand? Make it clear what it is you are doing.
Open a new browser window right now and type ‘business plan template’ into the search engine, then come back. You can have a look at the listed examples later and they will help to refine your idea into something a little more presentable.
Once you have your business plan down, you need to define the type of business it is. For example are you going to be a sole trader or a limited company. Social enterprises are very cool, reinvesting a percentage of profit into positive social change. There are over 70,000 social enterprises throughout the UK that contribute approximately £24 billion into the economy. Who are social enterprises likely to buy from? Yeah, other social enterprises, it feels good. Something to think about..
Ok, so now you’ve done a little bit more research and you know the type of business you are and how to present it, what next?
LOCAL COUNCIL SUPPORT
Why not get on your local council’s website to see what resources they have. It’s not a crazy idea, why wouldn’t they want growing businesses within their community? It pays them to support growing business, literally – growing businesses in an area attract others. And make no mistake that the bigger your business gets the more financial reward for the local council.
They are also probably the best networkers in your area, all businesses have to interact with them in some capacity so you will usually find that they are a wealth of wisdom. At the least they may be able to point you to opportunistic directions. What’s more, they also have budget to support businesses, maybe even directly. Does yours add value to them? Can it?