Useful tips for setting up a Small and Medium-sized Enterprise
- Existing enterprise
- Buy an existing enterprise
- Buy a brand name (franchise)
- Establish a franchise so that you can sell its brand name to others
- Make use of the opportunities arising from the existing business
- Take advantage of the product range and capabilities of your business
- Make use of the benefits offered by the market
- Take advantage of the shift in consumer preferences
- Invest capital in a growing trend
- Capitalize on new trends
- Address market deficits or shortfalls
- Imitate a successful product or idea
- Find a noteworthy product that has nevertheless failed
- Transfer an idea from one company to another
- Introduce a new product or service
- Create a market need
- Target exclusive customer groups
- Make use of favourable circumstances
- Identify people with untapped potential
- Ideas for the creation and integration of a product
- Patent an idea
- Create and market a product under license
- Improve an existing product or service
- Assemble a product
- Recycle an existing product
- Become a supplier
- Substitute imports
- Enter untapped markets
- Target a niche market
- Add value to existing markets
- Discover substitute materials in existing products
- Find a way to use surplus materials
- Combine ingredients
- Package or repackage existing products
- Become an intermediary or supplier
- Become an intermediary
- Become a supplier
- Become an intermediary or import supplier
- Become an export supplier
- Buy and sell someone else’s product
- Expand your purchasing range
- Retail services
- Offer goods at a discount for resale
- Design and promote events
- Provide information and counselling services