Budding entrepreneurs will frequently tell you that it’s heartfelt passion driving them to set up a business. But the substance of many highly-successful companies isn’t all that exciting – think chipmakers, paper shredders, kebab boxes.
It's not unusual to change your career these days. A 2012 survey by Future Workplace found that 91 per cent of millennials (those born between 1977 and 1997) expect to stay in a job for less than three years.
In Holborn last week, a three year-old London-based company held a party to celebrate reaching £250m of business since its inception. If that doesn’t sound impressive, by the time the event was held, MarketInvoice was already nearing £270m.
Entrepreneurs have no lack of recognition in popular culture today: there are movies about icons like Steve Jobs and Mark Zuckerberg, and Lord Sugar has now uttered “You’re fired” over 120 times on our TV screens.
Since 2008, “redundancy season” has become an inherent part of life in the City. The shifting market and regulatory backdrop have led to swathes of job cuts, as companies restructure to fit the new landscape.
Business Owners’ Idea Cafe
This handy site is run by a series of successful entrepreneurs and authors, and includes advice, resources and relevant news items. Membership is free, and the site has a strong online community.
In an age of unprecedented consolidation in the media world, you’d be forgiven for assuming that the smaller, independent agencies must be struggling to compete, clinging on for dear life amid a flurry of dealmaking by the industry’s giants.
It's the kind of story you wouldn’t necessarily believe: someone cooked up the idea of a chocolatey pudding company while sitting in a coffee shop in Belgium, eating brioche. But for James Averdieck, founder of Gu, that’s exactly what happened.