On­line busi­ness sup­port

Enterprise - - On The Web -

Ven­tureNav­i­ga­tor.co.uk is an on­line busi­ness sup­port ser­vice which was cre­ated by Busi­ness Edge Con­sor­tium com­pris­ing of seven univer­si­ties across the UK. The ser­vice was launched in 2007 which aims to help start- up com­pa­nies and small busi­nesses to im­prove their chances of success and is free of charge for end users.

The ser­vice helps the users in three ways namely; As­sess­ments, Re­sources, and An­swers. Ev­ery busi­ness starts with an idea but peo­ple are not sure if the idea is vi­able. Ven­ture-Nav­i­ga­tor of­fers a se­ries of as­sess­ments that of­fer per­son­al­ized feed­back on key as­pects of a busi­ness based on best prac­tices along with guid­ing on im­por­tant fac­tors such as in­tel­lec­tual prop­erty and in­vest­ments prospects. The re­sources al­low users to pri­or­i­tize the in­for­ma­tion avail­able for the busi­ness com­mu­nity in print and on­line.

Once the user com­pletes the as­sess­ment, Ven­ture-Nav­i­ga­tor will rec­om­mend cer­tain re­sources such as ar­ti­cles, me­dia clips, and other rel­e­vant doc­u­ments. The users can ask spe­cific ques­tions to busi­ness pro­fes­sion­als through the web­site which pro­vides the users with a 360- de­gree out­look on the fea­si­bil­ity and long- term prospects of their busi­ness idea.

The web­site is aimed at test­ing the gen­eral vi­a­bil­ity of busi­nesses, eval­u­ates the readi­ness of a busi­ness for in­vest­ment, as­sesses the strate­gies, de­ter­mines the vi­a­bil­ity of spin­ning out tech­nol­ogy into a new busi­ness, and of­fers in­sights into prod­uct strengths and weak­nesses by eval­u­at­ing util­ity, us­abil­ity, and prof­itabil­ity.

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