Gads,
You know, I am plagued by business ideas and I am starting to get frustrated by my inability to carry things out. Ok, having ideas cannot be compared to swarms of locusts, rivers of blood or any actual PLAGUE, but still ‘out out damn jot!’ ya know? The ideas are all product based generally and vary from importing consumer soap products to distributing recycled cotton nappies as industrial rags.
Here is the crux: as I am not possessed of bags o’ cash, any of my ideas need financing. To gain this financing, one produces a business plan. These are very useful documents to create because they not only clearly display your intentions to your investers, but they also force the entrepreneur to face up to potential problems.
So what is the problem, you say? The first one is that the research needed to create this document necessitates a committment of time that borders on a full time job (one of which I already have, thanks). The second is that you need certain sums of money to be able to undertake the research in the first place. Consider the following dialogue:
Hmm, for the business plan, I need to identify potential customers, their possible consumption and extrapolate my total sales volume from that.
But the customer will not indicate interest or volume with out samples and,
The statistics needed to extrapolate from this possible customer to the market as a whole are a) proprietary and b) prohibitively expensive. So shelling out for design, shipping, sample making and research is holding me back just now.
And yet new ideas and products just keep on coming.
I know I will be able to over come this trouble. I have some folks already willing to invest in a good idea once the business plan is done but the long process of getting there is still a bear.
Where are you on this? Any thoughts? I know I am not the only one to think the business thoughts and for some it is movies or tv shows. I can get it past stage one or two but finishing the business plan is so far the brick wall. I just have not yet found a way to glean the required information.
We will see.