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Jon Moulton, the founder of private equity group Alchemy Partners, says it’s time for entrepreneurs to ‘stop worrying about prosperity and to start thinking about survival’.
It is often said of start-ups that the first year loses money, the second year breaks even and the third yields a profit.
We’ve all heard the old estate agent saying, ‘location, location, location’. But does the same principle apply to business? Gill Hunt, MD of online consultant marketplace Skillfair, argues that being out of town does not mean being out on a limb.
Six out of ten entrepreneurs in the UK were the first born in their family, according to research into the characteristics of successful business owners. A third of respondents started their company between the ages of 26 and 35, while two-fifths did so in London.
GrowthBusiness interviews Wellington Partners’ Eric Archambeau.
Picsolve, a provider of photography services for theme park operators, has been acquired for £33 million in a management buy-out (MBO) backed by international investment firm Fidelity Equity Partners. Fidelity’s investment was bolstered by senior debt of £13 million from The Royal Bank of Scotland.
The basic pay and bonuses of sales people are still rising, keeping them significantly better off than their colleagues in marketing, finance and HR. The average basic salary for a middle manager in sales is just over £37,000, some 8.5 per cent higher than the national average for that level, according to a study from the Chartered Institute of Marketing.