Thursday, August 04, 2011 by Rebecca
The first year is always tough for start-up businesses. It's
when nine out of 10 businesses fail. It's when you'll make the most
mistakes and face the steepest learning curve. Theo Paphitis,
Dragons' Den investor and serial entrepreneur, shares his
tips on surviving that all important first year.
There are five key pillars of start-up success. These are: your
website, your business plan, an understanding of your financials, a
firm grasp of your cashflow, and a solid legal footing.
Dragon Theo Paphitis takes a look at the best ways to master
these five pillars and make sure your start-up has the best chance