business startups

Ten Years On – Looking in the Rearview Mirror

John Sollars, founder & MD of printer ink retailer, Stinkyink.com I was 47 when I started Stinkyink.com, and now, 10 years on, seeing all those fresh-faced University graduates and twenty-somethings that seem to dominate the start-up scene these days I feel very old. The upside of working for 40 years is that the experience and lessons I’ve gained have contributed immensely to the stability and longevity of my present business, making it what I call a sustainable company which is efficient, profitable and where everyone enjoys coming to work. Here’s a few thoughts on what I have found important. Lesson 1 – Understand the basics It feels like a long time ago, but in a previous life I ran other businesses which weren’t as successful as Stinkyink is now, and in con... »

Decline Over for Startups by Year End

The worst of the decline in start up business numbers is expected to be over by the end of the year, according to Barclays estimates revealed today at the National Federation of Enterprise Agencies conference in York. The figures reveal an expected 380,000 in businesses startups during 2008 (2007: 430,000), as well as an SME market better financially prepared to weather the economic downturn. “We believe most of the downward adjustment will have occurred by the end of the year, and a lot of the fall has already occurred,” said Nic Bayley, Head of Product for Barclays Local Business. “Business closures are also past their peak and are likely to level off shortly. While we expect some further decline in the stock of firms into 2009, by early 2010 we could be seeing the firs... »