Wednesday, December 6, 2017

Fashion Business Idea: Uniforms [Applied Fashion]

The fashion industry has long had a strong focus on leisure and professional fashion for people who decide themselves what to wear. The uniformed professions have largely been let out of the scope from fashion companies due to the largely practical approach of uniform wear. This unintended neglect has created an opportunity for a fashion business idea that we will describe below.

Customer Challenge

The number of professionals who wear uniforms at work is very large and growths with both the economy in general and with each new profession increasing its professionalism. Uniforms are not just present in the military and police but among hospital staff, shop attendants, restaurant staff, school kids and even construction workers and other labourers– whose safety clothing is typically uniform.

Even though most employers of staff wearing uniforms want to make their staff proud to wear their uniform and therefore include fashion ideas even in uniforms that are foremost used for safety or practical reasons the purchasing process is usually a top-down one and the people who actually wears the uniforms have a limited say in its design.

New uniforms are usually produced continuously on order after an initial design and production tender. Smaller modifications and alternative versions might be added but the base version can stay in place for a long time.
The challenge for the customer is to stay modern and keep staff motivated, the business opportunity is to address that urge for modernity from the side of the staff that wear the uniforms and include them in the purchasing decision to increase the replacement frequency and capital intensity in the actual uniforms.

Cost

To be able to increase demand for new uniforms it is necessary to communicate directly with the people who wear them and to combine their wishes with new ideas for design and practical use. This can include anything from winter wear, new pockets, knee pads or anything else that improve working life and self esteem among the users.

By studying the uniforms in use and opening a conversation with the people who wear them a lot of knowledge can be gained, this knowledge can be put into practise when the knowledge is presented to the designers, and then be brought back to the users. The bottom up pressure accumulated can be used to address the decision makers and speed up the time until a new tender, a request for modifications or new accessories are placed. Some of the clients will be gigantic but some will be very small which will have an impact on the lobbying process.
A question is whether to focus on design only or also on production? Where can you be competitive?

Cost

This business idea is one of those that can be launched with limited capital as a trial collection of uniforms can be produced at a very limited cost. But on the other hand a huge investment can do equally good once the concept is tested and it’s clear that the idea has a global bearing.

The capital challenge occurs when a huge order has been received and large number of uniforms needs to be produced. How to get around this investment dilemma, a dilemma faced by a huge number of start-ups by the way? One solution might be to divide the order in smaller parts and try to get the client to pay up front. Another solution might be to negotiate a credit line with the producer and pay only on delivery or even later. We absolutely advice against producing the uniforms in-house as there are so many producers in low cost countries better suited for such a job, and they have production facilities for huge quantities in place.

To conclude, this business can be started with limited capital and that is a very good thing for the first time entrepreneur without access to the credit market.

Profit

The uniform market is huge, global and has a great growth potential which are all essential for value creation, attractive to investors and limits competition, as there is room for many market actors.

For you the turnaround time from order to delivery, contacts with the end users and production sourcing are crucial elements for success. If you can get them right you are set for success and keep in mind that even a smaller success can create significant wealth.

So, just get out there and try to get a pilot customer who is willing to pay you for your work and you are on your way. Not taking action is, as with all business ventures, your biggest enemy. 

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List Of Small Business Ideas



Most businesses are small and managed in person by the owner. There are several advantages with small businesses: the owner can have control, they require little capital to start and they can still have great potential for growth after a solid foundation has been built. Many small businesses are also generic and don’t have a very imaginative business idea which makes it even easier to start them up. Just look at what the neighbor is doing and copy it. Below we list some common small businesses ideas that require little or no capital to start and can be managed by the owner on his or her own. Many of the business ideas are totally obvious, and need no further explanation but can be a reminder of the many fields a small business can be applied to.

Tuesday, December 5, 2017

60 Home Based Business Ideas For 2018

Running a business from home has become a dream for many but at the same time the phenomenon has been taken advantage off by all kinds of multi level marketing companies, home sales companies as well as a way to acquire low cost labour in a shady way. Don’t lose faith though, there are many good business opportunities that can be run from home and even more if we call them “almost home based” businesses – i.e. businesses that are mostly managed from home but still has some out of home activities. 

Read our list of 60 home based business ideas for 2018. Enjoy!

Friday, December 1, 2017

How To Write A Business Plan For A Start-Up?

Business ideas can be converted into a business plans by dividing the perceived opportunity into parts that can be analysed individually which will make it possible for the aspiring entrepreneur to focus on key aspects of the business idea separately and thus make it easier to communicate his or her start-up vision. The below article analyze the questions an entrepreneur must ask and answer when he or she write a business plan. This article was updated on December 1st 2017 when we added paragraphs about Business Plan Executive Summary, Business Plan Elevator Pitch and Business Plan Video Presentation.

Read the entire article about "How To Write A Business Plan For A Start-Up?" here.

Thursday, November 16, 2017

Learn Event Management: A Guide To A Successful Event!


Fryday has a solid experience organizing events that has seen 25,000+ people coming through the doors. Here we share some of our most precious tips and tricks to become a successful event manager. As of November 14th 2017 we have addressed why you create an event, who the intended guests are, why the guests would like to come, what to consider when creating an event concept, how to build an event team, finding suppliers, sponsors and media partners. Enjoy Fryday's Guide To A Successful Event here.


Monday, October 23, 2017

Where To Network Professionally?

Be Efficient - Network Everywhere

Don’t limit your networking to situations where you believe you “should” network but try to keep the mindset of networking active at all times to make sure you don’t miss out on very good connections.
Over some time you will see your network grow significantly if you have an open mind, this is because you naturally spend more time in general situations compared with specific networking situations.

Read the whole article about What Is Networking And Why Is Is Important here

Saturday, October 21, 2017

List Of Small Business Ideas!

Most businesses are small and managed in person by the owner. There are several advantages with small businesses: the owner can have control, they require little capital to start and they can still have great potential for growth after a solid foundation has been built. Many small businesses are also generic and don’t have a very imaginative business idea which makes it even easier to start them up. Just look at what the neighbor is doing and copy it.

Thursday, October 19, 2017

How To Write A Business Plan?

Business ideas can be converted into a business plans by dividing the perceived opportunity into parts that can be analysed individually which will make it possible for the aspiring entrepreneur to focus on key aspects of the business idea separately and thus make it easier to communicate his or her start-up vision. The below article analyse the questions an entrepreneur must ask and answer when he or she write a business plan. This article was updated on October 15th 2017.

Read the entire article on How To Write A Business Plan here.

Sunday, October 15, 2017

How To Find A Good Business Idea?



Finding business ideas and generating business is one of the most stimulating, rewarding, challenging and fun things a person can do and not only is entrepreneurship very beneficial for oneself but it is also the very foundation that wealth and prosperity rests on. Yet the process of finding and developing business ideas that works for a specific person is a sometimes complex and demanding process that can be hard to understand and cope with. Below I will share some of my thoughts and experiences about how to find good business ideas, how to approach them, how to analyze them and some common mistakes aspiring entrepreneurs often make. This article was updated on October 15th 2017.

List Of Business Ideas: Communication Platforms For Multi Country Living

In a world were professionals relocate more and more frequently, where living abroad is becoming a common feature and where the status as expat is no longer reserved for a few the opportunities related to the internationalisation are growing and presents great possibilities for business.
Building platforms for aggregation of technologies is not a novel idea, there is a constant and fierce competition for the position as the leading platform for communication whether it is Viber, Whatsapp, Messenger, Skype, GSM, email or other systems but do they solve all the challenges we face? There are also entertainment platforms such as Netflix and others whose offers keep changing when you cross borders.
This business idea was added to the list of business ideas on October 15th 2017.

Read the entire list of business ideas here. 

Friday, October 6, 2017

List Of Business Ideas: International Market Place For Handicrafts

Many people are very keen on buying local handicrafts when they travel to places outside their own cultural setting and many are equally happy to pay dearly for genuine handicrafts of good quality and a real connection to the local culture and heritage.
Would there be an interest among consumers to buy handicrafts from distant places online to be able to decorate their homes and offices with a variety of high quality and genuine crafts from different parts of the world? We believe there would be an interest as the interest of personalisation when decorating homes and offices. We also believe and online market place would be a suitable solution to provide this service globally.
Would there also be an interest from producers of the same handicraft to reach a global market to increase their volumes and profits? Also here we believe there would be an interest.

Read more at: List Of Business Ideas: International Market Place For Handicrafts

Keywords: Handicraft, Business Idea, Internet Market Place, Souvenirs  
This business idea was added to the list of business ideas on October 6th 2017.

What Is Professional Networking And Why Is It Important?

Professional networking is focused on interactions and relationships of a business nature rather than including personal, non-business interactions. Professional networking can take place in any situation, venue and platform or function both offline and online but there are many platforms and forums specialized on professional networking.




Tuesday, October 3, 2017

List Of Business Ideas

Fryday has created a list of business ideas to the benefit for anybody interested in launching a startup. The list will be continuously updated. Enjoy and feel free to comment. 

Wednesday, September 27, 2017

Become Superrich!

Becoming superrich is something most people have dreamt of at one point or another so we listed some business ideas with enormous potential. Read, be inspired and register at Fryday for more inspiring and useful thoughts on business.

https://www.fryday.net/blog/post/seven-business-ideas-that-will-make-you-superrich-22/

#businessideas #rich #wealthy #businessplan #startup