I am blogging on behalf of Visa Business and received compensation for my time from Visa for sharing my views in this post, but the views expressed here are solely mine, not Visa’s. Visit http://facebook.com/visasmallbiz to take a look at the reinvented Facebook Page: Well Sourced by Visa Business. The Page serves as a space where small business owners can access educational resources, read success stories from other business owners, engage with peers, and find tips to help businesses run more efficiently. Every month, the Page will introduce a new theme that will focus on a topic important to a small business owner’s success. For additional tips and advice, and information about Visa’s small business solutions, follow @VisaSmallBiz and visit http://visa.com/business.
When I first launched my technology PR business in 1998, you could say I was an accidental entrepreneur. Having moved countries without a job, I decided to become self-employed and launched a consulting business from home.
Stats from the infographic below from Visa Business show I was the perfect candidate:
- 58% of new entrepreneurship activity is from the services industry
- 69% of businesses start from the home
- 72% of home-based businesses are operated by women
However, I also know that many businesses fail in the first five years. Having outlasted that milestone I wanted to share with you 15 crucial lessons I’ve learned about building a business – some I stumbled upon, some turned out to be lucky guesses and some were hard-earned lessons I’d like to save you from. Read More→