“50% of all small businesses fail in the first couple of years” Theo Pathitis
With this type of statistic, it’s no wonder most entrepreneurs are hesitant about beginning their start-up journey due to a huge fear of failure. But is failure something we really need to fear in 2015 or should it be embraced?
Most entrepreneurs start their own company because they want to do something they love, something they feel passionate about, so they can be truly happy.
But when choosing to start up, do entrepreneurs realise just how much they will need to love their new venture and how much they will need to sacrifice?
Since this is the month of love, we look at how much ‘love’ entrepreneurs put into their start-ups.
If you are considering becoming an entrepreneur, 2015 looks like the year to take the leap. Startatcus lists a number of reasons why this year is the year to start a successful business. There are now more start-ups, self-employed and small businesses than ever before; in fact 99% of the 4.9 million businesses in the UK are small and micro businesses. As this is a key sector of the market, it must be increasingly important for policy makers to focus on growth and sustainability of small businesses in order to see our economy flourish.
Continuing the theme of “New Year, New You” we have come up with a couple of new things you could try for your small business this year if you aren’t already doing them. The best part about it is that they won’t use up too much of your time or money so you can’t really lose out!
In my recent post where I explored the concept of the lean startup, I touched upon the wealth of cost-fee information available online. Gaining advice from these ‘been there and done that’ experts can help you with almost all aspects of your business – all for free.
To water-down the risks associated with starting a business would be unwise. But it’s a bigger mistake to be so convinced by common myths that you’re prevented from starting a business in the first place.
Starting your own business doesn't have to be expensive. Given a little up front planning and research and, outside of the potential need to register the company, I've found that you can get the bare essentials in place with the change in your pocket.
"IT's job is to empower users with the tools they need to do their job well." That's the opinion of Ben Fried, CIO of Google, speaking at tech conference Interop in 2012. He's talking about the business's decision to allow employees to choose their hardware, and the accompanying software - so if a new developer wants to use Linux, or a designer prefers to use a Mac rather than a Windows PC, they can.
Today we have for you part six in our Ones to Watch series. Hot on the heels of last week's featured small business CEL, we present to you Chateau Rouge. We caught up with founder Seán Farrell to learn more about his business.