My businss idea...

Meh,

Well at school i had my own business, it involved macro and competing against the school tuck shop...

£10 Profit per day, was not bad.

Got taken to the head teachers office around 6 months later :( Business died :(
 
Meh,

Well at school i had my own business, it involved macro and competing against the school tuck shop...

£10 Profit per day, was not bad.

Got taken to the head teachers office around 6 months later :( Business died :(
I made over 400% profit by selling blank cd's. I think I used to them in massive bulk and sell them for 75p each (competitors were in the £1-3 range). Even ended up selling to the school itself. Made a killing.

This was back in the 90s. Ah. Memories.
 
I am speaking to event organiser / DJ at SE1 and he has told me it took them a long time to gain large enough marketing base to rent SE1 etc.

When you are starting out and testing the water, you will ideally be looking to hire a smaller venue. Chances are this venue is not going to be a fully established night club. You need to keep costs down and a good idea would be to look for a warehose type place thats lying empty. Contact the owners and ask them if they would be willing to rent the place to you for a weekend. Of course, it will mean a lot of clean up work on your part, but it will save you a lot of cash.

Hiring out an established venue is likely to cost a large sum of money - which from your OP, you stated, you didn't have.
 
I think there was some confusion here, anothe poster said I would have to hire security etc and bar staff, but i think you're right that this would not be the case if im meerly arranging an event there. I'm usually up central, so thank you for the offer.

I am speaking to event organiser / DJ at SE1 and he has told me it took them a long time to gain large enough marketing base to rent SE1 etc.

As for UCL, I am heading into my final year. Failed to get an internship this year so i'm looking for some good projects to boost my CV for next year applications. What did you study at UCL out of interest?

You certainly won't be hiring security or bar staff. SE1 is a big venue to fill and requires massive marketing. I did Information Management, graduated 2008. You would have been been at school when I did my big student stuff, my first year just consisted of going out EVERY night, making a lot of contacts in the process and I used this to my benefit in my second year massively. Promoting is very lucrative if you are popular and use it to your advantage, I was promoting some of the biggest nights every week for that entire year to the point where Rough Hill (which is one of the biggest event companies in the UK) would put my branding (whiteguestlist) on their websites, flyers and I was loving it.

Vodka Island Monday at On Anon was the first proper night I started with, we would ram out that place every week to the point where it get so busy that police gave the club warnings that there were too many people coming out of the club at 3am so we were forced to shut down that night and move Vodka Island Mondays to Tiger Tiger Haymarket which was also turned into a weekly success. They brought me in to help give their Tuesday night at the Loop a big push start and we soon made it the weekly Tuesday night that everyone wanted to go to. We later went back to On Anon and started a weekly Thursday night there but it was never as busy as the Mondays used to be. There was also a weds night at Strawberry Moons which never really picked up to be honest, weds was always sports nights and ministry.

I bloody loved that time of uni, it was possibly the best thing i've ever done and been involved in. For that year I was their number one promoter and was organising about on average about 12 birthdays a week plus all the regular guests, I was a pretty well known character throughout that year which is obviously one of the byproducts of working in that industry!

Excellent when you are at uni as the perks are great, no queuing up at your nights, you and all your mates in for free when there is a queue of 100 or so people waiting to get in and then competitor promotion companies start to take interest as well and want you to work with them so you end up getting into their nights for free too because they want to sweeten you up!

I know i've gone off on one, but just reminiscing how awesome those times were:D

I'd definitely give it a go if I were you, but remember 3rd year is quite an important year for you and it's the reason why I stopped my promoting, plus the fact that it's only really fun when you go out a lot yourself, once in third year we didn't go out as much as we used to:(
 
When you are starting out and testing the water, you will ideally be looking to hire a smaller venue. Chances are this venue is not going to be a fully established night club. You need to keep costs down and a good idea would be to look for a warehose type place thats lying empty. Contact the owners and ask them if they would be willing to rent the place to you for a weekend. Of course, it will mean a lot of clean up work on your part, but it will save you a lot of cash.

Hiring out an established venue is likely to cost a large sum of money - which from your OP, you stated, you didn't have.

I spose the only way to cost up the an initial event is to get a few meetings with the club organisers. I will write a few letters tomrrow to inquire!

As for money, I mean I have got some startup capital, not doing so would be unrealistic. I think I could prob front around 2000-3000 for the first event, going on the basis of maximum number of guests and ticket prices (if I sold them as flyers).

I would absolutely love to rent a warehouse, and have a legal rave, but I feel it would cost me a fair in terms of renting speakers and the like (as I said I am very fussy with sound products). If I do these events it's going to be because people enjoy the music experience. Maybe if it works small time, my confidence with the scene will grow, making trance work in SE clubs is my main goal at the moment.
 
You certainly won't be hiring security or bar staff. SE1 is a big venue to fill and requires massive marketing. I did Information Management, graduated 2008.

You're kidding me gurdas? I am on the course that replaces yours ITMB... what is your name?
 
is that even a reputable degree. i mean to go UCL and do a mediocre degree, no offense but what exactly can you do with that

its seems broad. i guess its the equivalent of business management
 
is that even a reputable degree. i mean to go UCL and do a mediocre degree, no offense but what exactly can you do with that

its seems broad. i guess its the equivalent of business management

Hmm funnily enough it opens you up to many options, most people on the course at the moment are going into Finance / Consultancy / Management / Strategy (My desired area possibly in finance).

Must be an ok degree cause many people on the course are seated in Deutsche Bank / Apple / Ernst & Young / Unilever / P&G / Accenture / McKinsey / BOA / Shell / BP / Merrill Lynch for this years summer internship...

Yes you're right it seems broad, some have complained.. but in year 3 you can specialise in two modules. We were the first batch on this course so we were the guinea pigs I suppose.

Oh and btw, your future job is not limited by what you take at University, you can go into a investment bank with a archaeology degree and get a job. It's about the person and what they can bring to the company.

What course do you do out of interest?
 
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well considering its been replaced. doesnt sound good does it.

i dont know your situation, but im sorry to hear you never got a inernship. its really compeitive these days. as for people going into different professions with non related degrees. its pretty stupid tbh. all them skills and knowledge about a subject have gone to waste.

i my self have just finished uni, studied Bsc Accounting & Finance, going to study for my ACA qualification soon
 
well considering its been replaced. doesnt sound good does it.

i dont know your situation, but im sorry to hear you never got a inernship. its really compeitive these days. as for people going into different professions with non related degrees. its pretty stupid tbh. all them skills and knowledge about a subject have gone to waste.

i my self have just finished uni, studied Bsc Accounting & Finance, going to study for my ACA qualification soon

The course was meerly replaced for a new updated version and name, along with a few module changes along the way. On top of this it was sponsored by some big companies:

Accenture, BA, BBC, BT, CA, Capgemini, Cisco, Deloitte, Ford, Fujitsu, HP/EDS, IBM, ITV, Logica, Micro Focus, Morgan Stanley , Network Rail, Procter & Gamble, Sainsbury's, SAS and Unilever.

So on top of your couse you get business days at the companies HQ etc to help you train for interviews or workshops for CV's :)

Not only does this let you gain some good skills, but also allows you to network with personnel you'd never normally shake hands with as a student, which is vital in business.
 
i guess the networking will be very good for you especially if you are looking to do your own thing in the future
 
I don't know what some of you find so unbelievable about a 12 year old running a successful business. I was running a successful free web hosting site (google adsense based) during my home-schooled years from the age of 14 for a few years along with free image hosting websites and other random forums/sites etc. (pretty much stopped when I went to college due to not having enough time).
 
So what exactly did you do in the day to day running of your previous 'companies'?

Did you have an accountant for example, or did you handle of this on your own?

Also, this idea that you've come up with. It's basically just a dj set of trance/chillout? And you say it's virtually non-existant?

And what makes you an entrepreneur? Just by having a small business or two? Is everyone then who owns a business an entrepreneur?
 
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I don't know what some of you find so unbelievable about a 12 year old running a successful business. I was running a successful free web hosting site (google adsense based) during my home-schooled years from the age of 14 for a few years along with free image hosting websites and other random forums/sites etc. (pretty much stopped when I went to college due to not having enough time).

probably because you average 12yr doesnt know what web hosting is let alone how to start it.

you make it out its normal, for the computer literate and fortunate then yes maybe. after a couple of years on the Net, kids will get bored and start to become nerdy on making websites and capitalising etc.

but spewing out stuff like that on a forum. surely you know it will be recieved with sarcasm
 
How did you make money from your Zune site?

From googling it was mainly a resource/hack site?


How many customers, roughly, did you have for your hosting business?


Just interested.
 
How did you make money from your Zune site?

From googling it was mainly a resource/hack site?


How many customers, roughly, did you have for your hosting business?


Just interested.

Had some Google Advertising and Amazon affiliates, the site wasn't really at the stage of making huge money. We had a steady growing user base and loyal members. Zuney is one of my biggest regrets over the last few years cause we got into the zune website scene the same time as zunescene etc and had quite a good name.

Yeah the website was first in Zune hacks etc on google search, anyway the decision to end it was good, they still haven't released a Zune over here in the UK which is what we were aiming for (The top UK zune site) but obviously it wasn't to be.

As for the hosting, maybe around 60-80 customers a year
 
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Had some Google Advertising and Amazon affiliates, the site wasn't really at the stage of making huge money. We had a steady growing user base and loyal members. Zuney is one of my biggest regrets over the last few years cause we got into the zune website scene the same time as zunescene etc and had quite a good name.

Anyway the decision to end it was good, they still haven't released a Zune over here in the UK which is what we were aiming for (The top UK zune site) but obviously it wasn't to be.

Not meaning to be a smart arse or anything but wouldn't an entrepreneur do some research into whether the product they were focusing on was to be released in the area they were focusing on? :p

I think, as demonstrated by some of the posts in this thread, that describing yourself as an entrepreneur from the age of 12 is what provoked the negative response when, really, you've just had a small business and a website. Heck, even I had a few websites on the go at around that age, some more successful than others. What age was the co-founder of the hosting business?

For me, an entrepreneur doesn't simply get bored of their business after such a short time.
 
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