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Business ideas

Start up business research idea

Knowledge is power

Research can be the key that unlocks business success, so it’s worth finding out as much as you can about your future market and competitors. Here are some areas that you'll need to think about when researching your business idea and some organisations that can help.

When researching your business ideas, ask yourself:

  • Is your market growing? Or changing?
  • How much competition will you face when starting a new business?
  • Has anyone else already developed your business ideas?
  • How would your business differ from your competitors’?
  • What do your competitors charge?
  • What don’t your competitors do very well?

Need help researching your business ideas?

  • Our free Barclays Get Ready for Business seminars can also give you the opportunity to get expert advice about making your idea work. Free seminars and workshops
  • Many business owners have practical advice to share on how to start a business. It's worth asking local business people about their experiences and taking the time to read a few books by successful entrepreneurs.
  • You can also get plenty of information on how to start a business from trade and industry publications, your local Enterprise Agency and Business Link

The next step: planning

Once you've researched your business idea, it's time to create a detailed business plan. Learn more aboutplanning your business

Download your FREE start-up guide

It's packed with practical help to turn your dreams into a business plan – and your business plan into a profit.


 

Looking to move your business banking to Barclays?

Find out How to switch bank accounts or call us today on:

0845 601 0106 1

If you're an existing Barclays customer call us on:

0845 605 2345 2

Important information

1. Lines are open Monday to Friday 8am-8pm and Saturday 9am-1pm. To maintain a quality service, we may monitor and record phone calls. Call charges

2. Lines open Monday to Friday, 8am-7pm. To maintain a quality service, we may monitor and record phone calls. Call charges
 

Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


 

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