By using Apprenticeforums services you agree to our Cookies Use and Data Transfer outside the EU.
We and our partners operate globally and use cookies, including for analytics, personalisation, ads and Newsletters.

  • Join our UK Small business Forum

    Helping business owners with every day advice, tips and discussions with likeminded business owners. Become apart of a community surrounded by level headed business folk from around the UK


    Join us!

Seeking Feedback on My Business Idea: Raw Material Refining

G

GlobalReforge88

New Member

Business Overview:​

I aim to transform the raw material refining industry by enhancing transparency, efficiency, and sustainability by:

Blockchain Tool: Ensuring transparency and traceability of materials.
Modular Technology: Scalable, energy-efficient processing units.

Target Markets:​

  • Renewable Energy
  • Electronics
  • Electric Vehicles

Background:​

I’m 25, with no industry experience or capital. This idea is at the business plan stage. The goal is to base the business in the UK, creating global ethical and sustainable sourcing relationships.

Needs and Solutions:​

  • Transparency: Addressing ethical sourcing issues with blockchain technology.
  • Sustainability: Implementing environmentally friendly refining processes.
  • Efficiency: Streamlining supply chains with blockchain to reduce costs and inefficiencies.

Questions:​

  • Feasibility of the idea?
  • Challenges or opportunities to consider?
  • Demand in target sectors?
  • Is pursuing this idea worthwhile given my background?

Tips Needed:​

  • Securing initial funding.
  • Building a knowledgeable team.
  • Navigating regulatory requirements.

Thank you for reading so far!
 
J

jamesand55

New Member
Your business idea in raw material refining is quite innovative! Leveraging outsourced accounting services could add significant value by streamlining financial operations. These experts can manage complex cost tracking, compliance, and budgeting, freeing you up to focus on refining processes. With detailed financial reporting and strategic insights from accounting specialists, you can ensure transparent and efficient management of fluctuating raw material costs. Overall, integrating outsourced accounting can boost your operational efficiency and provide a competitive edge in managing resources, making your idea even more robust and scalable in a challenging market.
 
Top