This has been slow progress since I agreed on the new business concept mainly down to the name search. I have spoken to a few old suppliers about my new concept and they have all given it the thumbs up as there is nothing out there like it. I have checked what I thought were would be competitors and they are nowhere near what I am working on. These so called competitors could very well become my customers as they are businesses and every business is an opportunity.
The problem with the name search is many of the online names have been taken or fall under a broker company. No guarantees and outlaying a cost is a gamble as the name I have in mind would cost 100x more than the example above. being online means the name is very important as it kind of needs to explain what you do immediately.
I have been playing around with the name and buy adding 1 dash and another word the domain I require is not taken and still sends the same message and actually has more impact. This will be the next step of registering the domain and moving on to having a website built. This has to be a global business so a dot com is the only solution.
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Whilst the business is being developed I will also need to register the company and will be looking at all the pros and cons of where that might be. A friend of mine registered his in Malta last year and will be finding out the benefits behind that decision. This is important for going forward as I am not registering this company here in South Africa.
Over the coming months whilst the website is being developed I will still do some exploratory work by working as if the business is live and visiting companies to get some ground work completed which should be insightful and constructive. This is all about building a database which will eventually speed up the process of each client onboarded. I will do the same when I am in the UK later this year as each market will offer more of a challenge as contacts need to be built. here in South Africa it is easy as I know so many people which help to open doors.
Luckily I have the gift of the gab meaning I get along with 99% of people and sell myself which is half the battle won. If what the experts say is true and Europe is heading into a recession in 2024 then this would sell my business concept even more. I see no reason for any company having any push backs on what I am proposing as in theory what I propose is only going to benefit them. I will have to look into non disclosure agreements and find a basic one that serves the purpose making everyone happy.
The first step is to get the company off the ground paying for itself and then monthly bills as I have set no time lines. There is no pressure as the company must come first and will be the first business I am going solo with no partners involved. Partners are great as long as they add value and this is something I have learned over the years as many have been more of a hinderance than a help.
