Finding an idea that you can turn into a successful business is the first – and often the biggest – stumbling block for budding entrepreneurs. Many people want to run their own business and have the aptitude to do it, but struggle to pin down a viable idea. All businesses must meet a customer’s need or provide a solution to a customer’s problem. With this in mind, the following 19 tips will help inspire you to think practically about what you could offer, and the business opportunities that may be open to you.
UK shoppers spent £250 billion online in the last decade.
UK consumers spent a staggering £250 billion shopping online in the last decade. That's according to the IMRG Capgemini e-Retail Sales Index. The love affair with online retail therapy shows no signs of abating, with sales during 2010 alone expected to hit £56 billion.
That figure contrasts sharply with the numbers captured in 2001. During 2001 UK e-retail sales were just £1.8 billion with just six million Britons shopping online.
What risks are you taking with your future?
What is investment risk?
Before you start any financial plan you need to understand the risk, many of us aim in life to avoid risk, but there is no such thing in today’s world. Whether you’re simply walking down the street to buy a pint of milk or investing your savings in the stock market there’s a risk!