Choosing a winning business idea

We analysed all new business insurance policies taken out in 2020 and 2021 to find the fastest growing small business sectors. At Simply Business, we’ve delved into our customer data to reveal the latest trends among small businesses and the self-employed. From the initial applications five entrepreneurs will be short-listed for each award and asked to prepare pitch videos to face a public vote. The entrepreneurs with the most votes by 22nd April will then pitch to Sir Richard Branson himself and our panel of judges on 13th May at the Branson family home in Oxfordshire. The winners of each award will win £5,000 investment, plus mentoring which includes legal, branding and marketing advice as well as coverage across the Virgin brand to raise awareness. I’ve been working through the how to start a business in 20 days ebook and so many of the things I’d done are now nicely tied together and some gaps now filled.

This idea doesn’t need to be unique, but it must have the potential to capture part of its target market. Put another way, it must offer something different from companies already working in the marketplace otherwise their credentials and head start will make it practically impossible for you to compete. At the age of 19, Andrii obtained his CCIE certification, the most respected certification in the IT world, and became the youngest person in Europe to hold it. At the age of 23, he joined an MBA program at one of the top 10 MBA schools in the USA. These experiences have taught Andrii that success in any endeavor doesn’t as much depend on the amount of experience you have but rather on the processes that you are using.

Types of Companies

Any size donation is welcome and we thank you for your continued support. And it’s your job to research your market so you know exactly what these interests and desires are. So, a market is essentially a group of people who share common interests and desires. All without you having to spend a penny on either website development or advertising. So, that way you’re able to safeguard two of your most important resources. And bmoor is a social enterprise whose mission is to drive the values of ownership and self-sufficiency within the black community.

If you feel you need encouragement to create ideas, workflows, enthusiasm, reassurance – it’s got it all. Customer Reviews, including Product Star Ratings, help customers to learn more about the product and decide whether it is the right product for them. Enjoy a great reading experience when you borrow the Kindle edition of this book with your Kindle Unlimited membership. Features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more. Each Great on Kindle book offers a great reading experience, at a better value than print to keep your wallet happy.

  • As flexible working looks set to stay for the long-term, it’s no surprise that businesses that can be run from home were some of the most popular new trades in 2021.
  • The amount of content being written and published each year is growing exponentially .
  • I’ve been working through the how to start a business in 20 days ebook and so many of the things I’d done are now nicely tied together and some gaps now filled.
  • Created in 1963, Harvey Ball’s world-famous yellow smiley face was originally a logo for a client of his PR company.
  • Business conglomerates have been built off car boot sales; these markets allow you to find, buy and sell every type of 2nd and 1st hand item you could ever imagine.

For example, you might be able to crochet beautiful baby blankets. But if that takes 20 hours at £15 per hour, people are more likely to buy one from Primark. Once you’ve narrowed down the sort of business you’d like to run, it’s time to brainstorm some ideas. Or are you serving customers behind a deli counter or from a street food truck? Your mental image can reveal insights about what you’d like to do. Do you have transferable skills like administration and customer service?

startup ideas that can change your life

The Innovation Award – for small technology businesses looking to grow to the next step. The StartUp Award, in partnership with Virgin StartUp – exclusively for businesses in their first 12 moths of trading. There are two chances for entrepreneurs to Pitch to Rich and our judging panel as they search to find Britain’s best up-and-coming business leaders this year. This sweep of the most innovative business minds in Britain make up our judging panel for the Virgin Media Pioneers’ Pitch to Rich competition. It is registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

Often home stagers will keep or rent a range of furniture in storage they bring into a home to create the desired visual effect . To get started you’ll need an understanding of interior design and how different aspects/looks can increase the value of a property. To get started proofreading you’ll need a great understanding of English literature and language . You’ll also need an eye for detail and ability to read/skim written content for errors at speed.

Third-party platforms do charge fees for their services in most cases; if you’d prefer not to pay this, you can also rent your room/s via your website . As a food-based business make sure you have all the required licenses and the proper catering insurance . Transcription is where you take audio files, listen and convert them into written content. Businesses regularly use transcription services to convert audio and video to written content . Many new top-level domain names have been released in recent years (.inc, .dev and .is are a few), meaning there is now a new opportunity to purchase popular common term domains and sell them for a profit.

Business plan examples

This means the demand for professional gardeners who will come in and maintain people’s gardens is high (moving lawns, cutting hedges, planting…). All you need to get started is basic gardening equipment such as shovels, trowels and wheelbarrows. You don’t need a formal gardening qualification although an understanding of horticulture would does help and will be necessary for larger/more complex gardens. To start as a makeup artist, you need to have a good understanding of cosmetics, skin tone and the application of said cosmetics . You’ll also need to select a hair product supplier and stock a product range of cosmetics you want to use.