When you have an idea for a business, it is possible to turn that idea into a business with help from the right groups. You can get local support for turning your idea into a business. And before you proceed with anything else, you need to make sure that you protect what is rightfully yours, including intellectual property. This helps ensure that your ideas won’t be copied without permission from you.
So how do you turn your idea into a business? It is really important that you do a market research. You need to determine potential customers. And when you do, it is important that you reach out to them. Set up meetings with potential customers to help you determine if the idea that you have can meet what they need. An article from Forbes hihglights this well.
Once you have done your market research, it is also necessary that you develop your idea and make a plan. Get your potential customers to try out the products or services that you have to offer and change it as needed to meet their needs. After you make changes, you need to make sure that you get the customers to try it again. This phase is an experimental phase and you need to repeat this process over and over again until you are sure without a doubt that your products or services meets the demand and need of your customers.
And your idea is not going to come to life without the right partners and suppliers. In this phase of the business development schooling, you need to determine where your supplies for your products or services will be coming from. Will you be getting supplies locally or are they going to imported elsewhere? If you can get your supplies within London though, it might be a much better option than having to get your supplies elsewhere since you’ll also be helping local suppliers with their business. The other things that you also need to think about are potential partners, advertisers and so on. Finding the right partners and suppliers is something that you should take seriously. It is one of the things that can make or break your business.
Now that you have done your market research and made you business plan, it is time to set up your business. You need to make sure that your business is set up in London legally. Find out the correct legal structure that is appropriate for your business and do not ever forget to register for tax. Not having your business registered legally will only cause you a lot of problems in the end. This is applicable to any business that opens anywhere around the world and not just in London.
And to get your business up and running, it is necessary that you have the proper funding. Take the time to explore your different options and determine which is appropriate for your business. When you are setting up in London, there are many options to choose from. This includes loans from banks and schemes that are backed by the government.
And it won’t be long before you can start reaping the results of your idea that has been turned into a reality.

If you are planning to expand your IT company, London is one place that you should consider. London has over 150,000 employees in the field of digital technology and there are more than 20,000 students taking up computer science in this city. Below are some of the advantages that the tech scene in London has to offer.

Niche cluster. If you go around the capital, you will notice the different tech hotspots that are thriving. You’ll find tech companies that specialize in software and gaming. There are a lot of business process outsourcing companies as well. Telecommunication companies are doing well in London too. You can choose to set up your business in Tech City or you can set up in Croydon. You could even open your business in HereEast which is a business park in Queen Elizabeth Olympic Park. But if you want to settle in the heart of London, you might find your business thriving near the headquarters of Google.

World-class talent. You will find yourself in a city that offers world-class talent. London has more than 150,000 professionals that are involved in digital technology. This means that there is a wide selection for you to choose from for your potential employees. Apart from the professionals, there are around 20,000 students in London taking up computer science.

Visas that are tech-friendly. Because you are a potential entrepreneur, you can enter the United Kingdom without having to Tier 1 visa just yet. You can secure your funding and make the arrangements that you need to set up your business first before having to get the said visa.

Advanced infrastructure. The broadband in London is super fast and its transport network is reliable. This means that you can avail of world-class connectivity for your business and you also have customer access. As an added bonus, this industry is a huge market in London. It is worth $27 billion. The ICT market in London is considered to be the largest in Europe.

One of the best known areas in London as a Tech scene is the Silicon Roundabout of London. At a first glimpse, the place does not seem to have much to offer. All in all, the place looks unattractive and depressing. Traffic is present in the roundabout of Old Street which happens to have a huge billboard. Just because it looks ugly though, it does not mean that it is not important. Behind the depressing facade of the Silicon Roundabout brews interesting things. This is where you will find the heart of the emerging tech industry in London. Many would say that the Silicon Roundabout is the next hottest tech scene after Silicon Valley. It won’t be long now before the new facade of the Silicon Roundabout will be witnessed by the rest of the world. The UK government has already made an announcement that they will be regenerating the Roundabout and around $77 million will be invested for this project to happen.

More info on London’s booming tech scene:
London Technology Week
London’s Ecommerce Expo