Are Entrepreneurs Lucky?

Over the years I have had many people tell me how lucky I am to be self-employed, how lucky I am to be my own boss; the first thing I tell these  people is luck had nothing to do with it.  Lottery winners are lucky; people in business, well we work for a living, we build, we create; now don’t get me wrong, there definitely can be an element of luck; being in the right place at the right time, but luck did not build a business, that was hard work, ingenuity, perseverance, sweat, blood, and tears, and the vision to get there.  People seem to think that because you work for yourself, because you are a successful entrepreneur, that it’s all a fantasy life.  I and anyone else that has built a business can assure you it is not all fun and games… Continue reading “Are Entrepreneurs Lucky?”

Learning from others

Many start-up’s face the issue of keeping momentum and growth going after dealing with the initial challenge of starting the company. That’s where you can learn from others – no matter that they may not be in the same market or doing the same thing – the business challenge they face will be the same.  A recent article on Springwise identifies some valuable tips. One lesson is to have a game-plan and retain a confident approach.  Aaron Priest, co-founder of Raygun says “Sometimes the best approach you can take in stormy weather is to stay the course. If you planned effectively and strategized properly, then you need to trust yourself. At times, we allowed ourselves to veer from our gameplan and it cost us in resources – both time and financial.” Continue reading “Learning from others”

New start-up funding scheme in UK

The first pilot schemes will soon be underway after the recent UK budget announced a boost for small business with a new loan initiative. A one year pilot scheme focuses on people aged between 18 and 24 who will be able to apply to borrow between £5,000 and £10,000 (about $12K) to back their business idea. If this student-loan type scheme is successful, the government says it wants to introduce it permanently. While this has been welcomed by many in the small business community, this scale of small business funding raises a few questions. Continue reading “New start-up funding scheme in UK”