O2 Business Blog: How to rescue a small business

[Anonymous]

 Hi guys,

Another interesting article on the O2 Business Blog about how to rescue a small business.

"How do you take a small business from loss to profit in 18 months? It depends of course, but Julianne Ponan of Creative Nature managed to do just that. We headed to the Business Startup Show at London’s ExCel to hear about her incredible journey.

“Success doesn’t happen overnight. I was eating beans for a month because that's all I could afford.” – Julianne Ponan"

Read here http://businessblog.o2.co.uk/rescue-small-business/  more about Julianne Ponan experience and her recommendations.

What would you guys recommend to someone launching a new business?

[viridis]

Research your competition, learn everything about them.
Every little detail counts as you need to know the market you are entering and it's market gaps and needs.

[jonsie]

Look for a gap in the market in your area. ..no use opening a takeaway if there are half a dozen already. 

[perksie]

This is the best new business I've heard of lately, started by a 13 year old lad and he's making money:

http://www.telegraph.co.uk/news/newstopics/howaboutthat/11614587/Schoolboys-tax-disc-reminder-busine...

[Anonymous]

parents must be happy...

[jonsie]

---

@Anonymous wrote:

parents must be happy...

---

And proud no doubt. ...

[perksie]

It shows how the simplest of ideas can make it.