“Good judgement comes from experience and experience comes from bad judgement.” This was just some of the advice Cobra Beer founder Lord Bilimoria issued to a room of ambitious start up businesses this morning at Vonage’s Step Up event at The Hospital Club.
The gathering was designed to launch, Unlocking the UK’s Home Business Potential, the latest report from Vonage which reveals the potential uplift in profits if ambitious home businesses took the step out of their living rooms and garages, and made the decision to go for growth by moving into professional office spaces.
Findings of the report show that around 18 per cent of home-based companies are considering a move and could contribute £3.3 billion in profits to the UK economy if they took the leap.
The event offered small business owners the opportunity to hear from entrepreneurs and business leaders, who shared their stories and advice.
“It can be tough, build a shield of armour,” said notonthehighstreet.com’s Chief Commercial and Partner Officer, Ella D’Amato. Meanwhile, National Chairman of The Federation for Small Businesses (FSB) Mike Cherry told the growing business leaders to “look after customers and employees — that’s all that matters.”
Other speakers included Harriot Pleydell-Bouverie of Mallow & Marsh, Tushar Agarwal of Hubble, Lucy Woodhouse of Claudi & Fin and Iglika Ghouse of Upsaah, who each spoke of fondly of their journeys as entrepreneurs.
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