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Transitioning from a professional career to running a start-up

Transitioning from a professional career to running a start-up requires a high level of market knowledge and understanding. Therefore, it is very rarely the case that an entrepreneur will establish their first venture without having gained any prior market or working experience. However, some roles are more suited to preparing individuals and aspiring entrepreneurs for the experiences they may face when establishing and growing their first venture. This can obviously vary hugely dependent upon the field of work the aspiring entrepreneur would like to enter. However, as a more generalised approach, the following careers typically tend to be the careers that would best prep an individual for establishing their own business:

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The Future of the UK Business Economy

  1. The number of Value Added Tax (VAT) and/or Pay-As-You-Earn (PAYE) businesses in the UK continued to grow to 2.67 million in March 2017 compared with 2.55 million in March 2016, which is consistent with the performance of the broader UK economy.

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Cryptocurrency Fever

You would be familiar with the latest craze in tech and if you are yet to get acquainted with it don’t fret as we hope this brief explanation should get you basic knowledge, enough to buy your first bitcoin or “satoshi*”. Now, depending on your level of previous knowledge you would have to forgive us for a back to basics approach.

So what is all the fuss about? Have we come to the end of commerce as we know it? There have been different opinions from various thought leaders. Richard Branson, famed founder of the Virgin Group said ‘Bitcoin is one of the most important innovations of our time - it will transform the way we do business’. While Goldman Sachs, a global investment bank recently backtracked on their ‘no to bitcoin’ stance by conceding to their investors that indeed, bitcoin is money. Almost similarly, Jamie Dimon, CEO, JP Morgan shamefacedly admitted that he regretted calling bitcoin a fraud. Now, there are of course other less enthusiastic commentators who are careful to differentiate between cryptocurrencies and the underlying blockchain technology. Senior Analyst, Ron Insana of US TV broadcaster CNBC is convinced that bitcoin will crash, calling bitcoin a bubble. He said ‘when excessive optimism far outweighs normal rational expectations, crashes occur — and this will be the case with bitcoin.’ With such diverse opinions, it’s no surprise that very few really know what all this is about.

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Costing My New Startup

“So… how much would all that come to?” asks the interested investor

“Errmm… I’ll get back to you once all the figures are confirmed”

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