We all know someone who wants to start a business – in fact, a recent study by Virgin Trains found that nearly half of Brits have considered taking the plunge.
The study also highlighted some of the reasons people don’t start up – with 23 percent citing fear of failure, 48 percent citing lack of fund, and a further 10 per cent citing lack of support and advice. People also worried about not having a guaranteed monthly income (24 percent), failure (20 percent), and getting into debt (39 percent).
However, there were plenty of positive statistics too. The study found that 68 percent of adults would be willing to live on less in order to become their own boss, and that 47% of men and 37 percent of women say they are more likely post-Brexit to start a business.
In order to help encourage entrepreneurial spirit, Virgin Trains held a Business Clinic on the Virgin Trains East Coast route, transforming a train journeying from King’s Cross to Edinburgh into a mentoring and advice hotspot. For the journey, three entrepreneurs – Levi Roots, founder of Reggae Reggae Sauce, Maria Hatzistefanis, founder of Rodial, and Jamal Edwards MBE, founder of SBTV, came together to provide advice and coaching.
Levi Roots said: “Having established my own business, I understand the barriers that people face when starting from scratch. It’s hard to know where to begin and therefore having the correct support can make the difference between those who succeed and those who don’t. That’s why I’ve teamed up with Virgin Trains to host their Business Clinic, providing budding business founders with the knowledge and advice they need to succeed.”
Another sign of the commitment across the entire Virgin Group to helping people start their own businesses, it’s great to see a journey of several hours transformed into a productive session – and shows how when you’re an entrepreneur, everywhere is your workspace. Here’s to helping more ambitious entrepreneurs start up.
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