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Tips For Getting A New Business Off The Ground by Luke Johnson

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Over the weekend, in The Week, I read these start-up tips by Luke Johnson which were originally published in the Wall Street Journal Europe.   Luke Johnson, chairman of private equity house Risk Capital Partners, has made a success of businesses as varied as Pizza Express, bingo and dentistry. Here are Luke’s tips if you are contemplating going into business for yourself: Consider moonlighting or going part-time. A steady income to cover personal overheads can be a life-saver while you develop your concept. Do what you know. Don’t plunge into a new sector without doing extensive homework. If you start up in [...]

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Why Do I Need An Exit Strategy?

One of the first pieces of advice you will receive when you start in business is how to end it.   Thank heavens we don’t get that advice when we are born, right?   Why on earth would you want to be thinking about ending something when you are just starting out? Well the honest truth is, most don’t.   It’s all so exciting at the beginning, we are a nation of shop-keepers which these days equals your own virtual shop for your business and there’s so much to do at inception, it’s just like playing post offices.   Weighing scales, stamps, stationery supplies, [...]

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