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Why can't I rent out high-value goods to people in the UK?

So this may sound dumb, and obvious.... I'm just thrashing out a question that I've been discussing with a couple of friends recently. Let's say I legally purchase a batch of high-value, trendy goods. It doesn't really matter what they are -- let's say the latest iPhone, for the sake of argument. Can I set up a store (online or in the high-street) renting them out to anyone who wants to agree to a contract with me? So let's pretend an iPhone 6 will retail at £500. If I purchase a batch of 100 at £400 each, and rent them out at £25/month for a 2 year contract, I make a good profit. Assume the iPhones are genuine, and that purchasers/renters are happy to arrange their own SIM cards, telecomms contracts, etc. These are working items. What are the reasons I couldn't do this? Is there any legal reason, or trading standards reason, that would prevent me from setting up a business doing this? [more inside]
posted by ajp on Jun 7, 2014 - 21 answers

How do you set a targets for user growth for a new website?

My friend's startup company is developing a new technology platform and they are trying to set 5 year targets for the number of potential users it could have. How do tech companies traditionally project user growth for a new web service? Obviously they would establish a potential target market, but then how do you determine the rate of growth from zero into that market? Are they any resources or websites online that help with this? More details- the website is an edtech platform providing online education and resources. The potential market is 18+ lower- middle class Americans, and college students. Thanks for your help!
posted by tessalations999 on Apr 30, 2014 - 4 answers

To patent or not to patent, and if so when?

I am a research student who may have inadvertently invented something commercializable. What do I do now? [more inside]
posted by cestlavie on Apr 7, 2014 - 13 answers

Hacked Instagram account; can my friend get justice?

A fellow aspiring entrepreneur and friend of mine is in desperate need of help. Time is of the essence! Here's the story: Two years ago he created his own business that sells custom hand-made clothes and products. He owns a website and is on all of the normal social media. One of his most effective tools to connect with customers is through instagram. He's worked hard over the years to develop a fan base of over 27K followers. Mysteriously, last night this account was hacked. They changed the password, hacked the business email, and have taken control of the brand. This account is the business' main source of revenue and advertisement. Although he's trademarked the company and taken all the normal preventative measures, the admin. at instagram claims there's nothing they can do to help. Assuming this is true, what are his available options? Essentially, my friend's ship just got hijacked by some evil bastards and he's going to need a seal team to get it back. [more inside]
posted by intelligentfool on Dec 3, 2013 - 15 answers

Should I list my personal contact info for business?

I don't want overwhelming SPAM I am a private person but I know how much my clients like me and how much I like my job. But being a full-time student I don't have much time, so should I list my personal contact info for business? Would you put your email and number on social media to advertise. I have never put personal info on the web, I am very busy and don’t want any further spam. Do you think this is worth the risk?
posted by BKsFinest on Mar 13, 2013 - 5 answers

How is webbe formd?

Durrrrrrr... What's a startup? [more inside]
posted by Sara C. on Aug 21, 2012 - 43 answers

What novels will nurture my inner entrepreneur?

There are plenty of non-fiction books on the subject of startups and entrepreneurship. But what about when you don't have the energy to learn? Please recommend me some novels on the subjects of creating products, building companies, etc. Inspiring tales of business and innovation... [more inside]
posted by ChristopherS on Aug 14, 2012 - 5 answers

What sort of technologies can help / support the animal health pharmaceuticals business? I am not talking about general enterprise technologies such as ERP or SharePoint.

What sort of technologies can help / support the Animal Health pharmaceuticals business? I am not talking about general enterprise technologies such as ERP or SharePoint. I am looking for technologies that can specifically help the Animal health business. For example a technology platform that helps vets gain information about diseases. Any suggestions or thoughts? Any tech that can maybe assist with solving a problem currently faced by Animal Health pharmaceutical business.
posted by r2d2 on Aug 13, 2012 - 2 answers

Business in Boston

Moving to Boston to join a new tech startup. How can I quickly get involved in the tech startup community? [more inside]
posted by anonymous on Jul 5, 2012 - 9 answers

IT and social networking replacing old jobs?

What jobs/businesses have been negatively affected by the rise of information technology and social networking? [more inside]
posted by gnossos on Nov 22, 2011 - 33 answers

Is the Cost Truly a Benefit?

Charles Munger mentions in his USC speech the danger of harnessing technology and to recognize when it can hurt you. Are there any articles or books I can read that go in to depth on this concept? (Speech excerpt after the jump.) [more inside]
posted by mungaman on Sep 5, 2011 - 3 answers

How to divide up my new company?

I'm founding a startup! Yaaay! I have some friends who like my idea and want to help me. However, I have no money to pay them, so I'm guessing that I'll need to give them a piece of the action. I don't want to get screwed, but at the same time, I don't want to be perceived as a jerk. What is the most fair way to divide up the pie? What's the best way to approach this discussion without coming off as a jerk? [more inside]
posted by Sloop John B on May 26, 2011 - 23 answers

What should I do with my unlimited bandwidth?

What should I do with my unlimited bandwidth? [more inside]
posted by contemplace on Apr 19, 2011 - 4 answers

Looking small biz SMS service provider...

Need help finding SMS service provider for small business. Particulars inside... [more inside]
posted by littleredwagon on Dec 31, 2010 - 4 answers

Skills for an IT business analyst?

What programming skills are expected from a typical IT business analyst? What else should I learn? [more inside]
posted by uaudio on Dec 8, 2010 - 6 answers

Any good Corporate IT Management online communities?

I'm looking for an online discussion-board or community centred around IT Management, especially in a large corporate environment. I would like to read and contribute real life dilemmas and answers on topics such as business alignment, strategy, business analysis, requirements gathering. [more inside]
posted by razzman on Sep 22, 2010 - 3 answers

Brainstorming the creative potential of a certain device.

Making the most out of an iPad for creative/business use-- help me see its true potential. [more inside]
posted by actionpact on May 6, 2010 - 17 answers

Up in the air...no more?

Seeing Up in the Air makes me wonder - Is technology like Cisco WebEx, Skype, broadband connections, etc. causing your company and/or companies you know of to reduce the need for business travel? [more inside]
posted by Rosie M. Banks on Feb 19, 2010 - 21 answers

3 guys, fresh out of college, looking for some financial advice on obtaining a developer for our startup

Two college friends and myself are looking to put together a mobile application start-up. We have the business end of the startup covered, but we need to find a developer to help us out. We need some financial guidance on what to do and what not to do. Should we pay a freelance developer, or bring someone on board with us as a partner? [more inside]
posted by drkrdglo on Jul 16, 2008 - 15 answers

What is the total deployment cost of US wireless telephone infrastructure?

What is the total deployment cost of US wireless telephone infrastructure? [more inside]
posted by yesno on Jun 11, 2008 - 3 answers

Need to find a good survey on small business owner's IT concerns?

I need to find a survey on the biggest concerns small business people have when it comes to I.T? [more inside]
posted by jacobean on Feb 7, 2008 - 3 answers

Help me pick a good major to look into.

What's a good major for someone who doesn't want a desk job and loves technology? [more inside]
posted by nokry56 on Jun 4, 2007 - 45 answers

What form of advertising should I use?

I am 19 and starting a small IT business in orange county, CA. I have 3 medium size clients that use me regularly, and I've taken on my first employee part time recently. But I just had my first month where no one needed IT work done, because I'm too good of a job! And this indicates to me that I need to do some proactive advertising. What is the best method of advertising to get my company's name out there? [more inside]
posted by thegmann on Sep 3, 2006 - 10 answers

whotspot, hot or not ?

I'm looking for a side / home based business. I've been toying with the idea of seling WIFI access to retailers and other establishments and came across WHOTSPOT. I'm intrigued by their turnkey solutions and low startup costs. Does anyone here have any experience with them or knowledge of their operation ?
posted by dawdle on Feb 8, 2006 - 0 answers

Help me start a small business!!

I want to start a small business setting up small office and home office LAN networks (wireless setups, XP or Office training,consulting, etc) but have no idea where to start. [more inside]
posted by stevyb on Nov 16, 2005 - 8 answers

Social networking via mobile phone?

Tech/Business: Say I were to conduct a feasibility study for social networking via mobile phones. I would like the service to enable people to define their relationships and be alerted when a specified contact is nearby (e.g., within 30m/100ft) - provided that contact has set themselves to be "findable" to that person. Is this already being done? If so, where can I find more information? If not, is this viable? Do we have the technology? How do I turn it into a profitable venture? [more inside]
posted by Lush on Mar 11, 2005 - 8 answers

The Internet's repercussions on society

I'm curious fellow Mefi's. What do you think are three most significant detriments of the Internet to society? Your perspective(s) could be from cultural values, business, education, media, technology, developing countries, privacy, etc. On the flip side, what would you consider the most significant benefits of the Internet to society? No right or wrong answer, just picking your brain...
posted by Macboy on May 8, 2004 - 25 answers

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