This week Sajid Javid announced new measures to support entrepreneurs and job creation in his first speech as Business Secretary. Cutting red tape by £10billion would make an almighty impact on the growth of small businesses and I hope this rhetoric has lit the flame for a future all-encompassing entrepreneurial Britain. This is the start of a very exciting journey for us all.
Eric Ries, in his book "The Lean Startup", states that mistakes are beneficial to the development process of a new business. However, he says that it is important to fail as soon as possible and to learn as quickly as possible! In other words, entrepreneurs should keep their failures small and should also eliminate them while they are not creating bigger problems..
As much as "social enterprise" is a buzzword these days, there are people who reject this label entirely. 'Reluctant social entrepreneur,' Iqbal Wahhab is one such person. Sitting in Roast Restaurant in Borough Market, London, enjoying a delicious macchiato and the exceptional service of their highly-rated staff, I questioned Iqbal's hesitation to embrace this categorisation of his long-standing work supporting the community.
First of all I like to say that I love being an Entrepreneur and that I can't imagine now doing anything else but running my own start up fashion businesses. But I honestly can say I didn't expect it would be that hard and that challenging and such a long way to travel before you are getting some sign of rewards and success.
Year by year more parts of our lives are becoming impacted and influenced by technology. It has made us more connected than ever but arguably also less social (in the real sense of the word). But love or loathe 'this sort of' technology it is fair to say that most of us couldn't now live without it without taking a serious drop in our standard of living.
I really believe the inherent optimism of Americans is a major reason behind their cultural and business successes. Europe certainly has enough smart and talented people, but from my 10 years+ of being around creative people and three years in the startup world, I see many similarities and faults in the two groups.