[Kizzy]

Originally Posted by CherieB

Registering a company is about 20 quid, a domain name varies but they are quite reasonable, your biggest problem will be setting up costs...but if you dont ask you dont get.

£20! I can just about afford that haha!
Have just been looking up options for funding, when I make my first million I will remember you both ;D

[Cherie]

Originally Posted by kizzy

£20! I can just about afford that haha!
Have just been looking up options for funding, when I make my first million I will remember you both ;D

As long as you are not tempted to go down the Wonga route, if it is a viable service, and you can get someone to guarantee the loan a bank may help.

[EddyEagal]

Hey, it's great that you've got a business idea. I'm a Bussiness Student, doing really good, so I might be able to help you out a bit

What you need to think about is your competitors. Is there really a gap in the market? One thing I really reccommend doing is creating a Market Map. It's hard to explain it, but just search it up. It will really help you place your service in the market. IE, it will tell you your competitors and it will tell you if there is actually a gap in the market

Also, if this idea is really unique and there's nothing similar to it, if you're reallllly serious about setting up a business you need to look into having a patent. Not copyright for a service, a patent. These cost quite a bit, anything from aroud £10,000 if you're wanting something which keeps you fully protected from people copying the idea.

Need anymore help, send me over a message, I'd be happy to help! And good luck!

[Kizzy]

Originally Posted by EddyEagal

Hey, it's great that you've got a business idea. I'm a Bussiness Student, doing really good, so I might be able to help you out a bit

What you need to think about is your competitors. Is there really a gap in the market? One thing I really reccommend doing is creating a Market Map. It's hard to explain it, but just search it up. It will really help you place your service in the market. IE, it will tell you your competitors and it will tell you if there is actually a gap in the market

Also, if this idea is really unique and there's nothing similar to it, if you're reallllly serious about setting up a business you need to look into having a patent. Not copyright for a service, a patent. These cost quite a bit, anything from aroud £10,000 if you're wanting something which keeps you fully protected from people copying the idea.

Need anymore help, send me over a message, I'd be happy to help! And good luck!

Great advice eddy cheers, loads to go on there

[EddyEagal]

Originally Posted by kizzy

Great advice eddy cheers, loads to go on there

np

Keep me updated on how it goes. And don't worry about not having much money, if your business is marketable (again, try making a Market Map) and if it has a good USP (unique selling point) then the bank should be able to see a good money making opportunity.

[Kizzy]

Originally Posted by EddyEagal

np

Keep me updated on how it goes. And don't worry about not having much money, if your business is marketable (again, try making a Market Map) and if it has a good USP (unique selling point) then the bank should be able to see a good money making opportunity.

I will, It deffo has a USP so will check out the market map. Hopefully the bank will see the potential, need to protect my idea first.
Going to google DIY patents haha!