This video shows business partners Alistair Mitchell and Andy McLoughlin sharing their views on how to start a company and offer expert advice on raising finance and expanding a company. The duo founded Huddle, a social networking tool for businesses and now has huge international following with offices in the US.
Before co-founding Huddle in 2006, Alastair Mitchell helped to build the first online market place for the global food commodities market, then went on to help grow dunnhumby as a member of its strategic management board. Andy McCloughlin previously helped found Knowledge Center in 2003 and has more than 10 years of industry experience
The founders of Huddle offer a unique insight into setting up a business with a partner and the advantages that come with it. The pair are an example of how business partners complement each other and offer a stable working environment. Their advice to small businesses is to take on board as many customers at the beginning as possible in order to receive their feedback, allowing constant product improvement.
The entrepreneur video also states the importance of controlled growth and the risk-taking decisions. Equity management and solid trading skills have helped Mitchell and McLoughlin to expand their business whilst maintaining control of the company. Providing a fun working environment for all employees is a key objective as well as long term thinking.
LinkedIn has also provided the company with good marketing and PR which has helped the company to expand its profile world wide, which has contributed to the companies fast growth rate. This video provides an insight into a successful web-based networking company and gives great advice for all those wanting to take their business idea to the next stage.
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