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    (Original post by Brook Taylor)
    But if anyone had any fresh ideas, and no deadlines as such, I have some free time to try and make websites for people. I just take ages to get anywhere as I can be an annoying perfectionist at times.
    Would a price comparison site be within your abilities? Because I can think of a "product" that seems to be getting more popular and as far as I know there is not price comparison site for it.

    The difficult part might be getting the sellers to agree to be on the price comparison site.
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    (Original post by Christian_j)
    Today's entrepreneurs are going to have to start thinking outside the box - originality is very difficult these days but those who achieve it will reap the rewards. I would say to anyone that is under 18 to not really even consider starting a business until they get to university, where they will give you everything you need to develop your idea. If you start it prematurely from excitement, it usually ends up rushed and impossible to make a profit from - if you have agenuinely good idea, ask your parents and patent it for the future when you can really do something with it.
    I couldn't really disagree more with the over 18 statement. I got involved in developing websites from 13.. Started my company when I was 15 and am making a sizeable sum of money now. If you have the maturity to start when you're young, then you might as well go for it. I did all the hard work when I was 15 really, I now employ people to do the hard graft. This basically allows me to sort out my A levels and have a social life on the side. I can't imagine at university you have the time to start a company, at least until you leave. Even then when you leave, you're leaving with a lot of debt so the temptation is massive to go into a job and get some cash flowing immediately, rather than being completely broke. None of these problems exist when you're in your mid-teens..
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    (Original post by Christian_j)
    If you're good at it, charge for it. That's a form of entrepreneurship in itself!

    Remember, your time is only worth what someone is willing to pay for it - if you know most places charge like a rhino for web development, come in at a lower price and take their business, but don't give it away for free..
    ^Too true. I would love to be in a position to set up professionally, and be able to undercut competition, but as it is, I have very little time and/or motivation to be serious about it. I am fairly easily distracted and can be quite bad at managing my own time. Now, if I had a contract such that I could take as much time as I wanted (obviously without grossly overcharging for such time), that'd be a different story, but the unfortunate truth (at least for me) is that we live in a world of targets and deadlines with little freedom to explore and experiment.
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    (Original post by mituozo)
    I couldn't really disagree more with the over 18 statement. I got involved in developing websites from 13.. Started my company when I was 15 and am making a sizeable sum of money now. If you have the maturity to start what you're young, then you might as well go for it. I did all the hard work when I was 15 really now I employ people to do the hard graft. This basically allows me to sort out my A levels and have a social life on the side. I can't imagine at university you have the time to start a company, at least until you leave. Even then when you leave, you're leaving with a lot of debt so the temptation is massive to go into a job and get some cash flowing immediately, rather than being completely broke. None of these problems exist when you're in your mid-teens..

    I stand corrected, there are some advantages to starting a business under 18 as you say, and I did too, but I sacrificed social life etc to get things moving, and although it paid off, I see all the facilities I have at my disposal at uni now in the form of free office space, meeting rooms, computers, free telephone etc, I realise how much I could have done and how much more profit I could have made if only I had waited a few years before starting..

    It depends where you go to uni I suppose, but Nottingham just won Entrepreneurial University of the year, so it's a big thing here and they encourage you to spend your free time working with their business coaches and specialists.
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    (Original post by Cortez)
    Would a price comparison site be within your abilities? Because I can think of a "product" that seems to be getting more popular and as far as I know there is not price comparison site for it.

    The difficult part might be getting the sellers to agree to be on the price comparison site.
    The problem with price comparison sites is that they've been fairly worked to death. Although none may exist for the product you're thinking of, there is little room for innovation when it comes to the design of the site/the system behind the comparisons, and by limiting yourself to a specific product/s, unless they're very popular and for some reason haven't yet gotten a comparison site, there's little room to grow.
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    (Original post by Brook Taylor)
    The problem with price comparison sites is that they've been fairly worked to death. Although none may exist for the product you're thinking of, there is little room for innovation when it comes to the design of the site/the system behind the comparisons, and by limiting yourself to a specific product/s, unless they're very popular and for some reason haven't yet gotten a comparison site, there's little room to grow
    Yeah I see what you're saying but it's not really a product in the sense of a TV, computer etc. I can't really think of a decent word to describe it without giving it away but they can be very expensive and people will be out to get them as cheap as possible.

    I've just gone on the first two sites that sell "it/them" and picked the a random "one". There's a price difference of £159 and that's one of the cheaper ones.

    Edit: Just picked the second one and £254 difference on the same two sites.

    It's an idea I've had for ages and I'm a bit reluctant to tell over people tbh but I have no idea how to build such a site myself.
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    (Original post by Brook Taylor)
    ^Too true. I would love to be in a position to set up professionally, and be able to undercut competition, but as it is, I have very little time and/or motivation to be serious about it. I am fairly easily distracted and can be quite bad at managing my own time. Now, if I had a contract such that I could take as much time as I wanted (obviously without grossly overcharging for such time), that'd be a different story, but the unfortunate truth (at least for me) is that we live in a world of targets and deadlines with little freedom to explore and experiment.
    All I'd say on that is you'll never get a contract that says that lol - you have two real options:

    1) Remain bad at managaing your time, work for free

    2) Get good at sticking to deadlines, and fast, and offer work to local businesses cheaply - the fact is, without a web presence, any business large or small is at a major diasadvantage to its competitors!

    You don't have to take on major jobs, if you can knock a site together in a couple of hours or less, do a basic one and charge a couple of hundred squid one-off payment, with the opportunity to update at a low rate each time?

    Or, for small businesses you could even knock a website together quickly suited to their business, organise an appointment with the director, show them and they might buy it off you!
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    (Original post by Cortez)
    Yeah I see what you're saying but it's not really a product in the sense of a TV, computer etc. I can't really think of a decent word to describe it without giving it away but they can be very expensive and people will be out to get them as cheap as possible.

    I've just gone on the first two sites that sell "it/them" and picked the a random "one". There's a price difference of £159 and that's one of the cheaper ones.

    Edit: Just picked the second one and £254 difference on the same two sites.
    I'm the wrong person to approach :p: With the amount of time it takes me to complete this sort of project, it wouldn't be worth it, given that it sounds like it could be something that's a case of grabbing the opportunity while it's there before it's taken by someone else (as you're talking about a price comparison site, forms of which obviously already exist). I'd be interested to know what this 'product' is though, PM me if you wish - I promise not to steal your idea xD I've never thought of how I'd go about making something like that. The closest idea I've had (or rather someone I know has had) was another 'service' idea that my dad had, the details of which I won't go into. I personally think that's the direction people should be going in; customer service, or making current services more accessible to a wider audience - being the 'middle-man'. I know lots of people who would pay for such things.
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    Ben Lines, you make a lot of threads I like.

    I am an entrepreneur. I love the work that I do, I have the greatest time, to me, it's not even like work, it's fun. I'm extremely ambitious and determined.

    I absolutely believe I can be as successful as Branson. But I know it's not guaranteed. I'm one of those people that risks a little bit, I could have gone to uni, worked a 9-5 job, probably on 30k or so in , rising to 100k eventually. It would have been safe, and boring. But, that way, I'm never going to be super rich. Not that money is everything, I love the creativity and the freedom of being in charge as well. With entrepenerialism, I know that it's possible, that I will never be a billionaire, but there's a decent chance.


    I have been fairly successful if I'm honest. My most successful business (food related, sorry no more details,) leads the market in it's field in scotland, and we are aggressively moving towards leadership of the UK market. I don't want to list figures. We also have a large amount of sales in Cuba.

    Another business I'm running is doing good (clothing). We just need to wait six months and our projected profits are 5 figures this year. We are lower on price than every one of our competators, and our quality of goods is better, we just need word of mouth to spread us around. We recently moved into new premises, it's going fantastic.

    But I know that both of these businesses have limited potential. The maximum profit per year for each of them is not going to be over a million for either of them, I'm afraid the market in the UK is just not big enough for either of them. We're investigating branching out internationally, but I don't think this has massive potential.

    That's why I still want to go to uni, for physics. I might go for a PhD as well. I need the knowledge to develop ideas with real potential, things that there will be a large market for. At the very least, I need the knowledge to be able to oversee and manage experts in their fields.
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    (Original post by Christian_j)
    All I'd say on that is you'll never get a contract that says that lol - you have two real options:

    1) Remain bad at managaing your time, work for free

    2) Get good at sticking to deadlines, and fast, and offer work to local businesses cheaply - the fact is, without a web presence, any business large or small is at a major diasadvantage to its competitors!

    You don't have to take on major jobs, if you can knock a site together in a couple of hours or less, do a basic one and charge a couple of hundred squid one-off payment, with the opportunity to update at a low rate each time?

    Or, for small businesses you could even knock a website together quickly suited to their business, organise an appointment with the director, show them and they might buy it off you!
    Thanks for the advice. Your last suggestion in particular is the most likely direction I'd head in, so it becomes more about selling a 'product', rather than a service which you charge man-hours for. I think I'd be more comfortable spending as much time as I need in order to get something to my satisfaction and trying to 'sell' it.
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    (Original post by Brook Taylor)
    Thanks for the advice. Your last suggestion in particular is the most likely direction I'd head in, so it becomes more about selling a 'product', rather than a service which you charge man-hours for. I think I'd be more comfortable spending as much time as I need in order to get something to my satisfaction and trying to 'sell' it.
    Yep, if you're not good at managing your time, start small and work up - something is better than nothing!
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    (Original post by mituozo)
    We spend 4 figures a month on development these days and that's not starting from scratch, but maintenance of what we have and adding new features.
    surely you can begin by getting rid of those annoying pop ups and crap layout?!?
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    (Original post by fisherman)
    Ben Lines, you make a lot of threads I like.

    I am an entrepreneur. I love the work that I do, I have the greatest time, to me, it's not even like work, it's fun. I'm extremely ambitious and determined.

    I absolutely believe I can be as successful as Branson. But I know it's not guaranteed. I'm one of those people that risks a little bit, I could have gone to uni, worked a 9-5 job, probably on 30k or so in , rising to 100k eventually. It would have been safe, and boring. But, that way, I'm never going to be super rich. Not that money is everything, I love the creativity and the freedom of being in charge as well. With entrepenerialism, I know that it's possible, that I will never be a billionaire, but there's a decent chance.


    I have been fairly successful if I'm honest. My most successful business (food related, sorry no more details,) leads the market in it's field in scotland, and we are aggressively moving towards leadership of the UK market. I don't want to list figures. We also have a large amount of sales in Cuba.

    Another business I'm running is doing good (clothing). We just need to wait six months and our projected profits are 5 figures this year. We are lower on price than every one of our competators, and our quality of goods is better, we just need word of mouth to spread us around. We recently moved into new premises, it's going fantastic.

    But I know that both of these businesses have limited potential. The maximum profit per year for each of them is not going to be over a million for either of them, I'm afraid the market in the UK is just not big enough for either of them. We're investigating branching out internationally, but I don't think this has massive potential.

    That's why I still want to go to uni, for physics. I might go for a PhD as well. I need the knowledge to develop ideas with real potential, things that there will be a large market for. At the very least, I need the knowledge to be able to oversee and manage experts in their fields.
    PM the clothing one, good quality and cheap is music to my ears
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    Going back to the intial capital needed questions -

    I have run a few projects and only the most recent one has started to bring some real revenue in and I believe thats due to proper planning. I have put minimal money (less than £20 start up) into all my ventures and I recently got a very nice advertising contract from my street art site.

    I personally believe though that through determination, effort and good planning a business can flourish.

    Again, i like to keep my cards close to my chest but I'm looking at increasing the size of my blogging network over the next year. Hopefully upto 4 new sites before 2010.
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    (Original post by LoZEr)
    surely you can begin by getting rid of those annoying pop ups and crap layout?!?
    We've tried running with/without the pop-ups on, and they're cost-effective to keep in the long term. The number of new users from not having pop-ups is nothing compared with the money they pay.

    We're going to be re-designing the website soon - the layout looks fine without the ads.. The problem was it's now about 2 years old, the website's grown a lot around it and our ad formats/ad regulations have changed considerably you're certainly right, it needs a good re-design.

    I want to make sure I get the re-design to work well though - there's no point in ending up with something that ends up not being an upgrade at all. It's a lot of work to re-design the whole website from a functional, financial and aesthetic viewpoint + very expensive.

    (Original post by fisherman)
    That's why I still want to go to uni, for physics. I might go for a PhD as well. I need the knowledge to develop ideas with real potential, things that there will be a large market for. At the very least, I need the knowledge to be able to oversee and manage experts in their fields.
    Exactly my reason for wanting to take a degree in Computer Science.. Lots of people don't seem to understand my way of thinking about it though..
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    (Original post by mituozo)
    Being an entrepreneur is really one of the few ways to be mega-successful really. However it takes a hell of a lot of work, combined with luck to end up in a position such as Richard Branson's.

    I've been running a largish website, over 2 million registered users that turns over a good amount of money. Won't really disclose much more than that though..
    Have you got it to the point where you're making a lot of profit? Or is it mainly turnover?
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    When you come up with a business idea which you believe has potential DO THE MARKET RESEARCH!

    There is no point in venturing in a saturated market when your competitors have a larger marketing budget.

    Also if your lacking funds, you can always try and gain capital from external sources.

    Prince's Trust
    Business Link (not sure)
    Business Angels and or Venture Capitalist.

    Note that most of those above will not consider your application if you ask for a non disclosure agreement first (a way to prevent others from stealing your ideas).

    I am currently on the verge of launching one of my new projects (online at first). Found the perfect business partners and enough capital to get it off grounds.

    "We" deal in Recruitment, Marketing, Real Estate, Web Solutions, and many other side businesses which I cannot bother to list down.

    p.s.
    If anyone here is looking for investors please send me a pm
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    (Original post by ben_lines)
    How many people here believe that being an entrepreneur can make them mega-successful, On par with Richard Branson?

    A side topic - how many people on here are entrepreneurs and what are you doing atm?

    Discuss

    you dont become an entrepreneur
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    I wouldn't label myself as an entrepreneur but yeah, I try. You have to find a niche in the market for your business to become successful, even if you do find one there are no guarantees.

    Currently I'm running a load of incentive sites. There not mega successful but it's generating a decent profit.
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    (Original post by tyok)
    you dont become an entrepreneur
    Um, I'd say you do...
 
 
 
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