No one welcomes customer complaints. If you’ve answered the phone to them you’ll know what I mean. But it’s possible to find new insights into your product or service if you see complaints as opportunities. Look closely and you might identify hidden weaknesses. There may be areas for improvement or gaps in your product range.
In 2014 more new companies were created in the UK than ever before, amounting to more than one start-up a minute. It’s the same story across the world. A new report by Startups.co.uk gives a detailed analysis of emerging business and consumer trends identifying the top business opportunities expected to take off in 2015. I’m looking for a new area to start a niche blog so this caught my attention.
I was talking recently to Richard Martin of SmartIncomeDetective.com. He happened to revisit sites that he’d built and abandoned years ago. Forgotten sites were bringing in revenue long after he’d turned his back on them. With a little bit of effort those neglected sites could become very profitable businesses.
At the birth of any business is an idea. For most people coming up with the idea is the hardest part of starting a business. When you have your idea the path forwards becomes an almost automatic flow through a business plan to the fine details of implementation.
Image credit: © Copyright 2014 Donald McLeman