Starting your Business?

Written by Julie Silfverberg

Starting a Business?

• Have you had the desire to start your own business for as long as you can remember?
• Are you tired of losing your job and have decided the only way to be secure is to do it yourself?
• Have you been made redundant and think now is your chance?
• Can see a gap in the market related to your old job?
• Are you a professional who has decided it is time to set up your own business / practice?

---

On average about 50% of business start-ups fail in the first 5 years across Europe! This is quite a high and possibly uncomfortable statistic. But the flip side is 50% of business start-ups stay in business. Notice I did not say succeed. This is because what is success and what it means to you may be completely different for someone else.

What does success look like for you? It might be:

• You are able to pay the bills
• You plan to sell out in 5 or 10 years and make a killing (i.e. lots and lots of money)
• You make a healthy profit and have more free time for yourself and your family
• You want to start a business and grow it to pass on to your children
• You want to build a scalable world class business
• You want to have fun and enjoy your work
•  …………………(feel free to fill in the blanks)

So only you can know what business success looks like for you, although many people will probably want to tell you what it should look like.  

What are you going to do?