Business Advice, do you need it?
by Mark Flanighan
The UK has actively promoted small businesses for many years now. With various start up grants and various government help. But facts show that over 90 of small businesses are still set up through necessity rather than a conscious decision to go into business. It is not until redundancy, or struggling to get a job or falling out with the boss that most so called entrepreneurs decide to go it alone and set up business. This means however, that hard lessons are learnt very early on in the start up process. The 5-year plumbing apprenticeship did not include marketing, cost controls, VAT and many more new skills that any first time business owner has now go to master.There is truth in statement that many businesses are good at their profession but not at business. It could be for this reason that a huge chunk of businesses will fail in their first year. What may be true as well is that businessmen or women who have studied business but do not have a profession are more likely to be successful by hiring the right staff for the skill base, while they do what they know, running a business. Did Richard Branson know how to fly a plane when he went into the airline business? He decide what he wanted, then hired the right people to do the job that he couldn
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