Jonathan Ambrose
29
Interactive Plus
Games & Software Etailer
01/07/03
When I got my first PSOne console I was so thrilled at this games concept, I wanted to be a part of the software industry.
Interactive-Plus is a UK online retail store specialising in Playstation 2, Xbox, Game Cube, GBA, PC Software, Nokia N-gage, Clothing and Gadgets. It also offers free postage and free magazines with every order more than £39.99.
Kind of. When I was at University I started a Playstation 2 games only business so I could use it as a final year project on starting a dot com business. It was going quite well until I was being hit with fraud/chargebacks which began to seriously affect the cash flow. I stopped that business and began to rethink the whole scheme.
After looking around at different games and software sites I realised that no-one provided the latest games titles AND PC software at pocket friendly prices.
With the gradual popularity increase of console games and the hardware which double up as DVD players there is a huge interactive entertainment market. Plus, the PC is becoming more of a standard feature in the home and with the increasing uptake of Broadband access this indicates that the general public is embracing this kind of technology as the norm.
Investigated on how to write a business plan and researching the idea further. At first the business was just going to offer Playstation console games but then further research indicated that there was a strong demand for PC software that covers all interests i.e. reference, educational, business etc…
Checking out competitor’s sites and used sites which monitor their traffic and market reports. Also, by asking friends, family & associates about their software wants & needs. Naming of the business took absolutely ages as I wanted something that stood out & incorporated the fact that we interact with games and software and that the business offered other kind of products, hence www.Interactive-Plus.com was born.
I approached the HBDA (Haringey Business Development Agency) who gave me structured and sound advice about starting and running a business. I later heard about the TGEC (Tottenham Green Enterprise Centre) who were starting a ‘Hotdesking’ Scheme for new local businesses. Luckily I was the first person to sign up for it.
Surfing business advice websites, visiting the City Business Library and talking to other small business owners.
Definitely yes. They should provide more Enterprise Centres and access to start-up grants so that people can operate in a commercial environment and have direct easy financial assistance.
Writing a business plan is only half the battle. It took about 6 weeks and about 10 drafts before it was completed. I received a lot of assistance from the business support team at the Tottenham Green Enterprise Centre who gave me a business plan template and commercial guidance.
The business plan is like how a compass is to a navigator. The plan shows where the business is going and indicates what works and doesn’t work. Having a business plan is essential!
About £1500 but ‘my’ time is priceless.
I used some of my own funds and received some financial assistance from the Credit Union.
Working full time.