Developing A business idea https://outlearn.training/

1. DEVELOPING A BUSINESS IDEA
WHOE ARE YOUR CUSTOMERS?

2. SO YOU WANT A BUSINESS?
Why? Primary or passive income (one you build up over
time)

3. WHAT ARE YOUR OPTIONS?
PURCHASE DEVELOP /START UP FRANCHISE

4. DEVELOPING A
BUSINESS IDEA/
CONCEPT?
Needs to provide a service that people
need. This could be:
A copy/clone of an existing business
concept
Newly identified niche market

5. WHAT PRODUCT OR SERVICE DO YOU PROVIDE?
Consultancy service
Mail order delivery
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6. WHERE ARE YOUR
CUSTOMERS?
Local- window
cleaning,
handyman &
tradesmen
Regional- man
and van removals
National-
Franchises area,
Global –
ecommerce
websites, multi-
national
companies

7. HOW CAN
ADVERTISE YOUR
PRODUCT OR
SERVICE?
 TV,
 radio
 Newspapers
 magazines,
 local council magazines
 billboards
 local shops,
 leaflet drops,
 email,
 website,
 social media

8. WHICH IS MOST APPROPRIATE /BEST?
THINK CUSTOMER BASE AND EXPENSE! IS IT VIABLE?
• TV, radio, Newspapers•ecommerce websites
•Trade magazines
•Billboards
•Council magazines
• local shops
• leaflet drops
• social media
Local Regional
NationalGlobal