Tuesday, May 27, 2014

We Love to Hate Big Business

Love or Hate Big; we are desperate for Entrepreneur's

"It is possible to start a business in almost any industry without capital. It would be really useful to have £500, but not essential. A phone and a brain are pretty much the only pre-requisites."– Jeremy Harbour

The customer comes first. Having a pile of orders to fulfill is a lovely problem to have. 61 percent of small business owners surveyed reported that more than half of their annual revenue came from repeat customers rather than new customers, and that a repeat customer spends 67 percent more than a new customer

Go get some clients first, then start your business

Whatever the reason, older and larger businesses are doing better relative to younger and smaller ones and for most venture-backed companies, the ultimate exit plan is for sale of the firm to an existing behemoth, not continued independent operations.

In pharmaceuticals, the largest company, Pfizer, is the result of decades of mergers. The current corporate entity is comprised of firms that used to be called: King Pharmaceuticals, Wyeth, American Cyanamid, Lederle, Pharmacia, Upjohn, Searle, SUGEN, Warner-Lambert, Parke-Davis and others

More than half of Britain’s online retail spend goes to Amazon, working out at £70 for every man, woman, and child in the country

It really does not matter anymore if you are a large or small business, as long as you can develop an eco system of competitive pricing and happy customers you are game for massive success.