According to the Small Business Federation, businesses that seek support are 70% more likely to survive beyond the first 5 years. It's not rocket science - like everything in life, you're more likely to succeed with input from those who've done it before. Entire business sectors have grown based on that premise...
New figures reveal that 4.5 million people are now self-employed, the highest number since records began in 1992, with an increase of 404,000 over the past year alone. Although the path to economic recovery has still some way to go, the spirit of enterprise is alive and kicking among the UK's teenagers.
When they created this app called Tinder - with their dreams of Silicon Valley rose and their tinted glasses on - they probably thought they were binding the world with love and all nice things around it... Now, what an irony of time, that the founders of the app that was meant to bring people in love together, are going to slug it out in the court.
Why don't we have the big ideas that the U.S. seems to capitalise upon so instantly? ... Britain's hesitant risk-taking culture, lack of venture capitalist funding availability, and lack of established mentors in the high tech area are what put Britain at a distinct entrepreneurial tech disadvantage.
Every business starts with a good idea. But turning that idea into some serious cash takes more than just thought. During our 'Entrepreneurs: Making It' series, I have spoken to business founders at all stages of the start-up journey. From living room first-timers to seasoned entrepreneurs on their subsequent adventures. Here are some lessons from our series: 10 things that might make your start-up fly.
Its 8am on a Friday morning and I'm sitting in a busy airport lounge waiting for my flight to San Diego. Why? Because this week is the kick off the week-long entrepreneur Mission to California for UK companies working in Robotics and Autonomous Systems (RAS) - and it's destined to be an inspiring one.
Starting out can be difficult, it's hard for smaller brands to get cut through in an industry so big, especially when competing with large producers. I think it's all about making sure your brand is different enough, ensuring that quality is your number one priority and always keeping your focus on the consumer. Everyone who starts a business is different but here are a few tips that might help keep aspiring entrepreneurs on the right track...