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6 Top Tips for success from those who know

By Tim Fuell - October 25, 2012

We all want to be a success. We all have different ways we think we can achieve it. There’s no right or wrong answer but what about those who have already proven their success?

Here’s six top tips to making your start-up business a success from those in the know:

Simon Hughes MP

Deputy Leader of the Liberal Democrats and MP for Bermondsey & Old Southwark

“Work with somebody from your area who is five or more years older than you and is doing the sort of thing that you want to be doing”

Lee McQueen

Winner of BBC The Apprentice 2008, entrepreneur and founder of Raw Talent Academy that provides SMEs and corporate organisations with the vehicle to build internal sales academies into long term staffing plans.

“Get as much critique as possible about your idea. Don’t just ask friends, family and those sort of people, they are just going to tell you what you want to hear. Do go and ask the sort of people who are likely to tell you the things you don’t want to hear. That’s how you are going to hone your idea. That’s how it is going to get much better.”

Ketan Makwana

A self-made serial entrepreneur and co-founder of Youth Enterprise Live and Enterprise Labs. He is a special advisor on youth employment & enterprise to the UK government and contributor to Parliamentary workgroups.

“Believe in yourself and even when the going gets tough just keep pushing through. If you believe in what you are doing and you keep pushing you will breakthrough.”

Claire Young

Runner up of BBC The Apprentice 2008 and serial entrepreneur specialising in the area of social enterprise

“Before you dive off and start spending any time or money make sure you do your homework. Research your market. Know who your competition is and take the time to have a plan in place because without a plan you will have no idea of where you are going.

Naomi Timperley

Entrepreneur and Co-founder of Enterprise Lab who once with a previous very successful venture turned down an offer of investment on BBC Dragon’s Den

“Use and build your network – you never know who someone knows – treat people with respect and how you would like to be treated yourself.”

Michael Sani

Teacher, actor and founder of apolitical movement Bite the Ballot an organisation engaging young people into thinking about politics.

“My top tip….well it’s right to say that I have not gone into this to make money…To be faced with the challenges of setting up and running your own business is a great thing. It means your doing something that has the ability to take you on a roller coaster of ups and downs, questioning what your doing whilst constantly redefining your desire to achieve and if you are the one at the steering wheel of the business, then you are the one that has to ensure it does not fail. But in between, that feeling of sinking deeper and deeper you see the landmarks of achievement that you know, one day, have the potential to be spoken about as examples of success, long after you are gone!”

So that’s your six top tips from those at the top of the tree and now here’s a bonus one from this entrepreneurial blogger. My business background is nothing if not varied and coming to the party with many different hats on, I like to think I have a few valid points to make. So what is my tip for success?

“Read, listen and absorb. Information is your weapon, your shield and should be your inspiration. Read words of wisdom (such as this) from those who have already lived it and hopefully you will avoid many of the pitfalls that can de-rail your plans for success. Listen to podcasts, attend conferences and network with those who hold golden nuggets of advice. Even friends and family running small operations will have knowledge that may come in useful. Don’t expect all that information you take on board to be of immediate use either. It may be years down the line but every snippet of learning you absorb will one day pay dividends.”

123-reg caught up with all our top tipsters at Youth Enterprise Live 2012 an event focusing on employment, education and enterprise for 15-30 year olds. The event hits the road in 2013 visiting 12 different cities in the UK.