Saturday, November 16, 2013

Which one is the best tertiary business idea?

inflatable trampoline for kids on little happy girl jumping on inflatable trampoline in amusement park ...
inflatable trampoline for kids image
Q. An outdoor toy hire company - hiring out sumo costumes, inflatable wrestling rings, trampoline hire etc...
Or a british football and rugby stadium tours company, taking people from london all over the country to visit a stadium, meet the chairman etc...

If anyone finds this idea incredible, then i allow you to make yourself a nice little nest egg from my amazing imagination lol. Just kidding

Which do you think is the best? This is for my business studies coursework?


Answer
The first one.

With the second, you are working on the schedule of others. You have to be on good terms with the people and places you are touring. Often they are not available (stadiums, chairmans, etc) and your business would suffer during these times. Not to mention the high business insurance costs you would pay for escorting clients around the city in a vehichle.

With the first, you are renting goods not services. It would be easier and cheaper to obtain insurance as well. You would have higher start up costs because you would need to obtain all the inventory. But with great marketing and regular clients, I think it would be more profitable and there would be a lot of room for growth.

What is a good name for my new business?




In your ro


I am opening a new business that is a kid spot. It has inflatable bounce houses, trampolines, putt putt, swings and slides, games, candy room, and it will be used to host birthday parties. We have several private themed rooms for parties such as pirate, princess, cars, etc. We also will allow open play to public anytime there is no scheduled party. What are some ideas for a good company name?


Answer
I would suggest you look through existing amusement park names for inspiration.

http://www.themeparkcity.com/USA_index.htm

The free admissions might raise your insurance coats.




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