Forty Concepts for A Small Business

An Existing Business

• Buy an existing business
• Buy a franchise
• Franchise your business
• Identify opportunities arising from your current business
• Identify the full scope of your business

Take Advantage of the Market

• Take advantage of a market switch
• Capitalize on a growth trend
• Take advantage of new fashions or fads
• Cover market gaps or shortages
• Imitate a successful product or idea
• Find a good product that has failed
• Transfer a concept from one industry to another
• Invent a new product or service
• Create a market demand
• Serve unique client groups
• Take advantage of circumstances
• Find people with under-used skills

Ideas for Manufacturing and Assembly

• Locate a patent opportunity
• Manufacture and market under licence
• Improve an existing product or service
• Assemble a product
• Recycle an existing product
• Become a supplier
• Replace imports
• Cater to discarded markets
• Target a small part of a large market
• Add value to existing markets
• Substitute materials in existing products
• Find uses for waste materials
• Combine components
• Package or unpackage existing products

Become an Agent or Distributor

• Become an agent
• Become a distributor
• Become an import distributor or agent
• Become an export distributor
• Market someone else's product
• Expand market areas

Service/Retail

• Offer discount goods for resale
• Plan and promote events
• Provide a consultation or information service

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