Entrepreneurs Navigating through Business Challenges – Lee Chambers.

My challenges started before I’d even set up my first business. While finishing University I created a business plan for an idea I’d had around setting up a video game e-commerce company. I took this report to an established business advisor in Manchester, who looked through it and told me it was a sound proposition. But he then proceeded to tell me that he felt that I would struggle to execute it in that industry as I was young, black and disruptive, and the industry was controlled by the old guard.

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Start-up must read: 10 entrepreneurs share mistakes that nearly rocked their business. 

Although motivational speakers and social media tend to gloss over and over hype the success rate, Office For National Statistics paints a different picture. According to ONS, only 45% of UK businesses make it to their 5th year.
Several reasons may be responsible for the failures we see in businesses, including, lack of cash flow, access to funding, market saturation, competition, personal problems and of course some fatal mistakes from the entrepreneurs themselves can rock a well-thought-out and planned business.

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Why Brit businesses are taking the nosedive and what emerging ones are doing to stay afloat.

“They’re not embracing digital channels and delivering a consistent experience across all the channels. In their mind, there is still the offline and online world, when in reality consumers don’t notice that divide, they expect to see and experience the same message, offer or promotion at any touch point, seamlessly,”

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