When you look at the stats, starting a business isn’t for the feint-hearted. It’s broadly accepted that around 30% of businesses will fail in their first year.
It takes a huge amount of resourcefulness and creativity to get going and then stay in the 70%. And it can be very hard to grow to the heights of £1m revenue, let alone scale to £5m.
Speaking to many entrepreneurs there’s a common thread as to why hitting £1m will never happen. It boils down to the company running the founder, rather than the founder running the business.
What do I mean?
If you’re going to start a business, you do it because you are passionate about it. You have to love what you do to make leaving the security of a job worthwhile.