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Murray is Managing Director of Strachan and Partners, a specialist business advisory consultancy, and Chief Executive of Albyn Ventures, a business investment group. He also holds a number of non-executive Chairman and director positions in a diverse range of companies throughout the UK, many of which he is a shareholder in. He is also Vice Chairman of the Entrepreneurial Exchange in Scotland.

Thursday, 5 May 2011

So you want to be a successful Entrepreneur?

You've thought of a new product or business idea or you've spotted a gap in the market or you've found a business for sale!  You're fed up working for, and making money for others, and now want an opportunity to create your own future and determine the terms.  You've decided to go for it and strike out on your own!
Before you start though, you need to know that it’s not easy! If it was, everyone would be doing it.  There are few hard-and-fast rules in business, and you'll need to be prepared to do everything and anything to make your business a success.  The following anonymous quote best describes for me what it takes - "Entrepreneurship is living a few years of your life like most people won't, so that you can spend the rest of your life like most can't".
So! Are you prepared for the incredibly long hours, considerable hard work, the challenges, the big sacrifices, the stresses and strains that setting up and building your business can bring?  Are you a winner? Do you have the drive and determination to succeed or are you someone who gives up at the first hurdle? Do you have a compelling vision and the ability to persuade others of it's merits? Do you have the necessary knowledge, skills and experience?  Do you have the necessary seed capital with sufficient contingency just in case things don't go to plan, as they never do!
If the answers to these questions are yes, and you've got a great and/or unique idea; you keep focused; you invest sufficient time, effort, money and emotion into your business; and you have some luck, you'll have a real chance of success!  So, if you're bold enough, then I say go for it! If you don't, you may regret it later! “Some people dream of great accomplishments, while others stay awake and do them” (anonymous)
Murray Strachan
Murray works with executives, funders and shareholders to recover & create value!  You can contact Murray via his website www.murraystrachan.co.uk or follow him on twitter @murraystrachan

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