2016 was a good year for startup growth in the UK. 80 new companies were born every hour in the UK and millennial entrepreneurs are launching twice as many businesses. Generation Y as people aged 35 and younger are called are seeing the benefits of startup adventures, swapping the corporate world for their own business.
The secret of success for the UK’s young entrepreneurs
Ashkay Ruparelia – Doorsteps.co.uk
Ruparelia owns the 14th largest real estate firm in the UK and is one of Britain’s youngest millionaires. He sold his first home whilst studying for his A-levels. His parents were deaf so when other kids were out playing, Ashkay was negotiating deals and organising his family’s finances.
His work ethic developed from caring for his deaf parents and sister. It gave him a sense of responsibility and maturity from a young age, where he learnt time management skills. His goal is to eliminate the need for high street agents who charge thousands on commission and sells homes for just £99 pounds.
Alice Living – Author of three bestsellers, personal trainer and Instagram star
More than just your standard personal trainer, Alice had a past where she suffered years of bad skin, food addiction, poor self-image and constant fatigue. By transforming her diet and workout routine she changed her life and inspired others to do same. At the height of her transformation, she had hundreds of thousands of followers watching and following her workout routine and die,t which she calls clean eating.
Her first book outsold Deliciously Ella, Mary Berry and Jamie Oliver. She went from a size 12 to a size six and helps other people learn to live a healthy life.
Christian James Evans – Sanktuary Investments and GeckoFX
There are not many young people aged 25 years and running two successful businesses in the financial sector. The secret of Evans success came from his expertise in the financial markets after working as a futures trader and in asset management. The inspiration for his business came from the lack of quality trading education for non-professionals and he has developed eight programmes through GeckoFX.
Ifeyinwa Frederick – co-founder of Chuku’s, Nigerian tapas restaurant
Ifeyinwa started her dance school at the age of 16 because she didn’t want to work at her dad’s firm. She gained a lot of experience and went on to work in the marketing department of a leading supermarket and an award-winning PR firm before setting up a restaurant with her brother. Chuku’s is the world’s first Nigerian tapas restaurant and has featured on top magazines such as Bella Naija, Time Out and Elle.
According to Alasdair Stewart, Marking and Communications Director at AXA Business Insurance, the motivation for young entrepreneurs doesn’t equate experience in the field. If you read, seek knowledge, learn from the success and failure of others whilst putting all your passion in your work, your business might succeed.
Ed Hollands – Driven Media
Ed Hollands was a star on Dragon’s Den where he learned to sell and pitch ideas to potential investors. His agency works with companies to post adverts on the back and sides of vans, trucks and lorries. He says the key is, to be honest, prepared, passionate and enthusiastic. People need to believe in you if they are to buy into your brand.
Whilst most of the new businesses fail, the ones who succeed have a clear vision and goal. They make up for lack of wisdom and experience with foresight and energy, selling their ideas, self-confidence and passion to investors.