This is probably the most important stage of the project because it is easier to make profit from a good idea than a bad idea. Remember you don’t have to invent the wheel to come up with a winning idea. The best business idea often involves doing something slightly different or innovative with an existing product or service. Look around you at everyday items and think what you could do with an item to make it appealing to a segment of the market.
Do You Have What It Takes?
When you / your team start out on the Student Enterprise Programme, one of the first things you should do is to examine what type of business person you are.
The Big Business Idea
One of the key factors that makes some businesses successful and some not is simply the business idea itself. The more unique and innovative your business idea, the better your chances are of succeeding.
One of the first decisions you will make when setting up your student enterprise is whether you want to work on your own or as part of a team.