Chapter 7

Getting ready to start

Businesses fail for a variety of reasons – poor product, poor financial control, poor market. But lack of management skills in a particular area can make building a successful business very difficult. High-flying growth businesses succeed if the management team is strong and making sure that you have the right balance of skills or complementary expertise is a high priority. Of course, if you are starting on your own, trying to improve those areas of business knowledge where you might be weak is a ‘must’ to be achieved, preferably before you start. Training, counselling and seeking advice can all improve your chances of success, so do not dismiss the idea. If you have not yet started on your own, try to fit ...

Get The Financial Times Guide to Business Start Up 2017/18, 30th Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.