Business Ideas Q&A

Usually creative service businesses are quite cheap or free to start. Even if you own nothing but the clothes on your back, all you need is a computer and some software. You could even keep costs down by using Linux or open source software instead of licenced apps like Microsoft Office or Adobe Creative Cloud.

That said, you're not only competing with people in your area, but the entire world. Graphic design isn't language dependent; so you will have to spend a bit of money marketing yourself.

What’s in a business name? Not too much if you execute well, and there is a need in the market for your product or service. Having said that, coming up with a good business name can help your marketing. It involves going down to the essence of your brand.
 
What is your business’s purpose? What problem are you solving? How do you want to make people feel when they hear your name? Those are good starting points. Refer to competitors in your industry by looking at their name, tagline, values or motto. Try to understand why they resonate with customers.
 
Next, you can use business name generators. There’s plenty but the best I’ve found is namelix.com
It even generates logos for you and checks if the domain name is available for that name.
All you have to do is put in a few words you want your brand to be associated with and it uses AI to generate a unique name. It’s quite fun to play around with.

There are several meetup groups which run "piching" events. Head along and there may be some Business Angels in the audience.
 

Like all things, it depends.

I advocate talking to as many people as possible - that have the problem you are solving. So you can find out more about other people who are possible customers when you get your product sorted.

There really is no need to talk about the idea.

Hi,

Think of crowd funding as getting orders for your product before you have built it. It reduces risk because you know you've got orders before you start building however you take the risk that you have got all the pricing right before you know how to build it! Does that help?

Brian