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Your best business development ideas in Scotland

Hi everyone,

As a foreign entrepreneur, launching a business in Scotland is a fantastic project and an exciting challenge. Some ideas are likely to succeed. Some others are promising but may not work as well as intended.

In your opinion, what kind of business or industry is likely to succeed in Scotland? What kind of industry or service currently unavailable or underdeveloped in the country would meet local needs?

On the other hand, what are the most common business types foreign entrepreneurs would be eager to launch in the country but with very little chance of success?

Thank you for your insights.
Priscilla

I suppose I can give a single, general insight coming from Australia where most households have a very reasonable surplus income that they can put towards entertainment and other discretionary spending and quite a few luxuries.

I've noticed, and heard from locals, that the vast majority of locals in Glasgow have very little surplus income and many do spend it on the copious drinking establishments. As most people meet up at licensed venues to socialise, there is little left for other spending.

I myself find it difficult to find surplus income to regularly visit the movies. If you are looking for business ideas, I think demographics of the city is very important. For example Edinburgh is different to Glasgow even though it is only an hour's drive away. Luxury services may have a greater take up in Edinburgh.

As most people rely on public transport - versus nearly everyone in Australia having at least one car - it is unlikely people will travel outside of their local area on a weekend. So, your target market is very much limited to foot traffic from the local area. Demographics and convenience is so important.

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