The last few months have been, shall we say, ‘challenging’ for many business owners and when you’re faced with constant stress and uncertainty it can be easy to lose the passion you once felt for your business. The good news is; you can reconnect with that passion, and use the opportunity to create a new balance in your life.
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Starting a part-time small business is ideal if you want the security of employment whilst investing in a side business. Starting a business can come with great risks, and one of the main reasons that potential entrepreneurs are held back is for fear of their business failing. However with a combination of business skills and the right product, you can make your business a success. When running a part-time small business you also don’t have the life changing risk of failing hanging over your head, as you still have a steady income through your day job.
The first-ever woman to compete in a world rally car, Penny Mallory rose to greatness against all odds. Now a speaker and business coach, she explains how becoming mentally tough can boost corporate performance.
If you have a passion for making music, starting a recording studio business may seem like a dream enterprise, especially if you already have experience of recording in your own home studio. Helping unknown artists on the path to success is an exciting prospect. However, starting up a professional recording studio is not easy. You need to be aware of what is involved and make sure that you are fully invested.
Jose Melico is the latest entrepreneur to join others in our success story series. Jose came up with the idea of Zypho when he was just fourteen. Zypho is a water heat recovery device that reduces shower water heating energy bills. Being energy conscious and thinking about a solution to a problem enabled Jose to come up with this winning business idea at such a young age. In his success story, the entrepreneur discusses having a solid team and the skills required to keep a business going.
Running a small business is by no means an easy feat. It requires so much from one person whether it’s emotional intelligence, being able to effectively manage and lead a team, or passion that will help you get back up after setbacks and failure. Naturally, you will have a heavy workload as a small business owner. Therefore, you will need to make sure that you manage it effectively in order to make yourself and your business a success.
Gus Bartholomew is the latest entrepreneur to feature in our success stories. Gus is the co-founder of SupplyCompass, a company that helps clients in the UK get in touch with manufacturers in India. In this success story, Gus discusses working with a partner and working in both the UK and India.
Opening a restaurant may be a dream – but far too many of them don’t survive long enough to make the dream a reality. According to The Guardian, the number of restaurants closing is up by 20% in 2017. The news is full of ‘restaurant chains in trouble’ stories. However, alongside the demise of the chain, we are seeing the rise of the independent; and the success of Stem + Glory is certainly a testament to that.
Some people are comfortable with the routine and regular income that comes from being an employee. If being an employee suits you then that’s great. However, for some people being an employee can feel like an inescapable trap. If you start feeling like that then you should consider starting your own business. You will need certain skills to thrive as a business owner, but most importantly you need to be a leader and be focused in order to be a good entrepreneur.
Running a business is not for everyone, it requires certain skills and abilities to really be a successful business owner. To run a small business successfully, business owners will need to either be born a natural leader or hone skills and get qualifications specifically for the challenge of setting up and running a business. Although every entrepreneur is different, they will likely share a certain set of skills and knowledge which enables them to be successful.
