https://padlet.com/sakinaislam3/kqu4oemve55c Business ideas 1 en-us 2017-09-05 17:56:50 UTC 2017-09-12 17:41:00 UTC hello@padlet.com sakinaislam3 https://padlet.com/sakinaislam3/kqu4oemve55c/wish/184870851 a description of your micro-business who, what, where, when, how P1/M2 
who will your customers be P1/M2
what will you need e.g resources M1
competition and risks M1/D1
ways in which you could market it M3
who/how could you fund your start up P11 ]]> 2017-09-05 17:58:25 UTC https://padlet.com/sakinaislam3/kqu4oemve55c/wish/184870851 sakinaislam3 https://padlet.com/sakinaislam3/kqu4oemve55c/wish/184888555 This business will be based around shoes in all kind of styles, patterns and design which will have a very large target audience as it will attractive to all ages ranging from 12 to 50+. 
However the target audience that it will be aimed at is sporty athletics people. The whole idea of these shoes is that they count how many step you have done within that day you will be able to view this on your phone as we will have an app that is connected. 
 On this app you will also be able to interact with friends and view how many footsteps have been achieved by one another This therefore start  a friendly competition  which is a USP of this business. 

]]> 2017-09-05 18:31:39 UTC https://padlet.com/sakinaislam3/kqu4oemve55c/wish/184888555 sakinaislam3 https://padlet.com/sakinaislam3/kqu4oemve55c/wish/184888753 I will advertise on bill boards, TV adverts and magazine because this will get great publicity to a large audience. however I will save the TV adverts for when the business hits it peak as it is expensive as this is inconvenient cash outflows for a micro business as it is an upcoming business. 
 Another way I  would advertise my shoes is through sponsoring celebrities by having them promote my product on there social media to gain new customers and this will lead to word of mouth advertisement, which will increase my brand awareness.
To fund this business I will look into a long term source of finance as this could be popular product on the market. Furthermore this means I would need to invest in a loan and could look into a grant from the Prince's trust  as this would be a long term source of finance for my business.  ]]> 2017-09-05 18:31:56 UTC https://padlet.com/sakinaislam3/kqu4oemve55c/wish/184888753 sakinaislam3 https://padlet.com/sakinaislam3/kqu4oemve55c/wish/185921245 This business idea has a few competitors as fitness and health have recently become very popular in todays society one competitor is 'fit bit' which has a similar concept however my target audience is wider as 'fit bit' business is aimed at a more mature target audience. I am targeting a mass market this means will have more customers resulting in more sales and more revenue. they could be some ricks  with starting this business for example more competitors could enter the market segment. another risk could be that the material cost could incrence in price this would result in mt]]> 2017-09-08 15:43:08 UTC https://padlet.com/sakinaislam3/kqu4oemve55c/wish/185921245 sakinaislam3 https://padlet.com/sakinaislam3/kqu4oemve55c/wish/186006334 The price range of my shoes will vary from  £20 - £45 depending on the customers personal preference. he location of this business will be London.
 I will launch this product around summer time as it will be attract customers as this time of year public transport is used less frequently. 
 ]]> 2017-09-08 18:40:37 UTC https://padlet.com/sakinaislam3/kqu4oemve55c/wish/186006334 sakinaislam3 https://padlet.com/sakinaislam3/kqu4oemve55c/wish/186423292 The material of my shoes will be made out of rubber or synthetic material depending on the cost of these raw materials as this would affect my cash outflows.]]> 2017-09-11 15:28:09 UTC https://padlet.com/sakinaislam3/kqu4oemve55c/wish/186423292