At a recent dinner for entrepreneurs of successful UK startups and previous winners of the Startups Awards, recognising the best of UK entrepreneurial talent, ten business founders were asked what they considered to be the biggest obstacles for them in the next year, and how they plan to overcome them and thrive. Whilst it isn't always easy when faced with barriers, what was reassuring was that, irrespective of industry, sector or business lifestage, all ten startups questioned said they faced similar problems. These included:
- Access to finance
- Remaining focussed
- Attracting more customers
- Building a strong team
- Standing out from the competition and dealing with competitors
From getting your business idea off the ground and setting your business strategy, to raising finance, managing your business, recruiting and retaining the right team members and attracting customers, there are a number of challenges every startup founder/leader is likely to face in the process of starting and growing a business.
At Beavis Morgan, we know that starting up and running your own business can be very rewarding, provided the right structures are in place. Experience is the best teacher and our team of startup business experts have plenty of experience. We are well versed in working with businesses of different shapes and sizes, so you can rely on our detailed understanding of the specific kinds of issues that can arise. And, you can count on our expertise and ability to provide the right solutions.
For more information about about how we can help you and your business, contact Steve Govey or your usual Beavis Morgan Partner.
Entries for the 13th annual Startups Awards, run by Startups.co.uk, open today – 1 July 2016. To be eligible to enter companies must have started to trade no earlier than 1 August 2012 and no later than 31 July 2015. Click here for more information and to start your entry submission. Good luck to all who enter!