Since starting my first book publishing business in 2005, profit margins have been under pressure. Internet retailers with relatively low overheads are selling products for less profit. Supermarkets are selling books at a loss to get customers through the door, and e-book customers are increasingly demanding for a model similar to music subscriptions, where products are […]
When advising new businesses, I often remind them of the challenges they are about to come up against. We like to recall the exploits of entrepreneurs after they have been successful, but that should not fool you into thinking the market loves new businesses. It does not. After all, who wants more competition? Startups should […]
To start a business you have to be part-dreamer. Whether it’s the recognition or to change the world for the better, all entrepreneurs have images that keep them driving forward. And on the good days, that’s the easy part. When I started my first business in a shop under my shared flat in London, I felt I […]
No matter how much you know about business or entrepreneurship, there is always more to learn.