Theo Paphitis' top tips for start-up businesses

Theo Paphitis' top tips for start-up businessesThursday, 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 of success.