PRLog - March 20, 2012 - LONDON -- The recent economic crisis has indicated that traditional business methods are failing across Britain. The large corporate organizations suffered severe job cuts adding to the already high level of unemployment. We should no longer look to the large corporate businesses to kick start our economy, but instead the increasing number of start-up businesses and entrepreneurs that are creating a large amount of employment and output within the UK.
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With this in mind Marketest developed a strong desire to encourage entrepreneurship throughout the UK, by launching their very own Business Start-Up Competition, to give pre-startups and startups the opportunity to take their business ideas to the next level.
The Business Start-Up Competition aims to support individuals over the age of 18 who have the ability to come up with a new business or social enterprise idea that has real market potential. The participants who enter the competition will be required to produce a concise business analysis on their idea (e.g. how they came up with the idea, their USP, competitors, SWOT analysis etc). A fully feasible business plan is not expected, we just want a general overview to help indicate the potential success of the candidates idea.
Recent research statistics showed that nine out of ten startup businesses fail within the first five years of trading due to a lack of planning and market research. Marketest understand the importance of reducing this figure, which is why they are offering all participants significant market research discounts and awarding the winner and runner up of the competition £1000 and £500 Tailored Market Research. This will help transform their innovative ideas into successful small businesses in a fun and creative way.
The Business Start-Up Competition deadline, for submitting an innovative business idea is on the 30th April at 11:59pm. Once the deadline has passed the experts at Marketest will internally shortlist the best business ideas before announcing the winner on the 21st May.
Do you have the entrepreneurial spirit or an innovative business idea?
Take part to have the chance to test your business idea. Click here to go to the Business Start-Up Competition page: http://www.marketest.co.uk/
£1000 or £500 Market Research Prize and more to win!
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Marketest is a leading online market research company for business start-ups. We primarily work for start-up entrepreneurs and companies launching a new product or service.