A new idea
Hello. I`m new to the forums. I`m still in the idea/planning stage. I have an idea for a business that doesn`t exsist, but I believe has potential. I also believe there is a need. I`m basing my model on dance studios (it`s as close of a model that I can find). If the service that I want to offer isn`t available anywhere, how can I estimate numbers for my business plan? This is truly an untouched market. The only numbers I can estimate at this point is based on what is reasonable as a minimum and maximum number of students in order to accomplish what I plan to accomplish. This is the one big question mark. I know it`s a risk (what business isn`t?). Faith and marketing is all that I`ve got going here. I will need capital because I will need retail space, sparse furnishings, simple office equipment and supplies, and employees (part-time, only if classes make). I`m concerned about estimating a number of students. How do I do this when there are no other businesses offering this service?
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