Starting a business is hard work!
Posted: Monday March 2 2020
By: Ad Venture Programme
An interesting thing I’ve discovered since we started delivering our AD:VENTURE business support programme is just how surprised new and young businesses are when they realise this type of high value professional help is available. With very little in the way of funded support for early stage businesses available a few years ago, start-up businesses were expected to learn from their mistakes, which at the very early stages can be more costly and catastrophic than you might realise.
While there is still an element of trial and error with any enterprise, there is now a constantly evolving network of support across the Leeds City Region LEP that new and growing companies can access to help with a variety of growth challenges.
Seeing businesses access the help they need, and thrive as a result is hugely rewarding, particularly when it might just be one or two aspects of the business that were creating a barrier to their success.
We can’t know everything. What’s that old saying “We don’t know what we don’t know”
This is very true in business. Start-Ups often evolve from someone who has a great idea, who has seen a gap in a market they understand and knows they can offer a solution. This doesn’t mean they should also immediately be a HR expert, Finance specialist and Marketing aficionado – These things take time, and there are ways to learn the fundamentals so the business can move forward without dipping into that essential early stage cash flow unnecessarily.