Catalysts for starting a business - DORM BELLS Flashcards
What is D?
Demographic
What is O?
Observations
What is R?
Research
What is M?
Media
What is B?
Brainstorming
What is E?
Exposure
What is the first L?
Laws
What is the second L?
Lifestyle
What is S?
Skillset
What does demographic mean?
a change in the demographic of an area
What does observations mean?
observations made
What does research mean?
research conducted
What does media mean?
a pattern detected in the media
What does brainstorming mean?
Brainstorming and SWOT analysis
What does exposure mean?
exposure to ideas, opportunities for rebranding and contacts - trade shows and exhibitions
What does laws mean?
changes by the government to the laws
what does lifestyle mean?
lifestyle changes - e.g. greater community interest in diet and exercise
What does skillset mean?
unique skills developed in a hobby e.g. celebrity chefs or fitness expert
