New Business..uk only?

Question

hi

im thinking of making a new business but im not sure wat to do ..

i want something that will make lots of money (duhh!! lol)

i have been thinking bout

a night club,..wat do you think

Answer 1

do you have £500,000 plus ?

Answer 2

Hello,

Great post.  The most important part of business is advertising.  This makes or breaks a business.  Some of the best ways to advertise I've found are:

1.  Offline promoting (business cards, flyers, newspaper and other print advertising).

2.  Online promoting (buying banner ads, forum posts, email auto replies).

The best method that's worked for me so far is handing out business cards.  I don't do this in the usual way.... I buy them in bulk from a place online (they give the cards for free, I just  paid shipping and handling...they also give a really nice free business card holder, it looks impressive).  They're really high quality.  I just put all of the info about my business on the cards, and I hand them out on cars at bus stations, malls, etc.  It's worked out really, really well for me, and it's completely inexpensive =)  

http://www.cards-free-to-my-biz.info

Good Luck with your business!

Answer 3

Whether you have £1.2m or £1.2k to spend on your new business, think seriously about what you're doing.  Throwing money at it, doesn't make a business successful.  (I've done that!)

What does make it fly is planning what you're going to do, how you're going to do, who your target customers are and how you're going to reach them.

What experience do you have of running a business?  Contact your local Business Link and find out about attending one of their free seminars on starting on business.  That will give you all the basic information you need to run a business, including guidance on putting together your plan.

Nightclubs come and go.  They bring a host of problems for the inexperienced business owner.  Licencing and staffing are two issues that can make or break you.  If you can find a very experienced manager to work for you, you might stand a chance.

If you don't have a lot of business experience, I'd seriously consider putting your £1.2m into property.  You could do with advice on picking the right type of properties in the right location but there's plenty to be had at a reasonable price at present and a managing agent will look after all the tenancy side of things while you watch the money roll in on a monthly basis.

Being in business can be great fun - I've run my own businesses for over 10 years and helped others run theirs before that.  But before you throw all your money into it, work out what the return is going to be on your capital investment and when you'll achieve that return.  Will your money be repaid over 1 year or 5?

Good luck with whatever you choose!

Answer 4

I found one article about business opportunity from home.May be this one can help you too.

"Online games make serious money", screams a headline in a recent BBC newsletter; "Revenue from online games will grow three-folds to $1.1 billion by 2008", reads another headline in a respected sports journal. As if this bounty is not enough the online web-based sales & subscriptions to games are expected to rake in as much as $353 million!

On an average, one out of every five visitors opts to play video games regularly. Now you can make money from video games. We have a unique bonus system that pays you over $50,000 per week from your own video game website. We are supported by a solid infrastructure network, with over 130 servers besides a team of trained software engineers & support staff.

We are the highest bonus-paying system for video game networks in the world. We are operating as a family-based business through internet for the last 12 years.Browse our site thoroughly. Call us for more details. "

Answer 5

Well, you need to define your requirements (for yourself) first.

How do you define 'lots' of money. What ROI are you talking about and timescales you are looking at?

Night Club is not a bad idea (infact no business idea is bad). But you will have to plan your actions like identifying the best location for your business, your marketing plans, and your financial forecasts etc etc.

You could choose to invest your money in some venture that could give you good returns. May be get in to stock market, property market or invest in some small companies who can invest your money wisely and give you adequate returns. Spending £1.2 million is not a difficult task, but spending it wisely is a challenge. Your casual approach to making money makes me think that you would probably be safe in keeping your money in the bank that could give you some interest on your money. At least you won't be venturing out for loosing it.