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#GlobalEntrepreneurshipWeek


Entrepreneurial innovation, creation and resolve are essential to the health of the economy. The Federation of Small Businesses reports that 99.9% of all private sector businesses are small or micro businesses, revealing the UK to be a nation of entrepreneurs. But what makes a great entrepreneur?


In response to #GlobalEntrepreneurshipWeek, we’re speaking to 4 business owners about what entrepreneurialism means to them;

Jacyn Heavens

“Just start and see where it takes you”

#GlobalEntrepreneurshipWeek

Jacyn is the founder and CEO of Epos Now, the UK’s fastest growing EPOS provider. Jacyn established the business in 2011 in response to finding a lack of quality point-of-sale solutions available for his bar business. Jacyn is a small business advocate and resident entrepreneur at the University of East Anglia.

What does entrepreneurialism mean to you?

Entrepreneurialism is about hard work, guts and determination. It’s being prepared to work harder and take more risks than anyone else. It’s about building the the life you want to live and building the business you want to run because you owe it to yourself.

What skills or traits do entrepreneurs tend to embody?

Speaking from my own experience and having met a lot of inspiring people across all sectors of business, I’d say entrepreneurs do share common traits. They tend to be hungry to prove themselves or their idea and tirelessly pursue that validation until they make it. It’s that kind of drive and relentless effort that breeds success.

What advice would you give to budding entrepreneurs?

In simplistic terms, entrepreneurs are problem solvers and that's as complicated as it has to be. There's no blueprint for getting this right and there's no degree or business school that can teach you how to be an entrepreneur. My advice is to not wait for that perfect idea, because that perfect idea will never come. Just start and see where it takes you. The first business you start might not be the one you finish on, but what you learn on the way will help you on your journey.

Lynn Walters

“Have the courage to stick to your convictions”

#GlobalEntrepreneurshipWeek

Lynn is the Co-Founder and Executive Director of Pure Resourcing Solutions. She leads the Executive recruitment division, specialising in recruiting senior management and executive level professionals. Lynn also runs the Women in Leadership Programme which is aimed at high potential professional women working in the Eastern region.

What does entrepreneurialism mean to you?

For me, an entrepreneur is someone that has the courage to back themselves with a new idea, product or service and makes it happen.

What skills or traits do entrepreneurs tend to embody?

Determination and tenacity and the ability to bounce back from setbacks and have the courage to stick to their convictions is what sets great entrepreneurs apart. Take Norfolk born James Dyson, now worth over £7.8 billion, who spent over 10 years creating 5100 prototypes before selling his first vacuum cleaner. If you can combine that with emotional intelligence, empathy and leadership skills, then you have a winning formula, although they don’t always go hand in hand.

What advice would you give to budding entrepreneurs?

Build a network of people that can help you and don’t be afraid to ask for advice. Most successful business people are happy to offer advice and share their experience and they can often open doors and introduce you to others. The old adage, ‘it’s not what you know, but who you know’ is so true!

Stephen Balmer-Walters

“We all have to fail sometimes to succeed”

#GlobalEntrepreneurshipWeek

The Founder and Director 8 Retail Consulting, Steve is an experienced international retail omni-channel expert assisting businesses to think ‘outside the box’ to become more profitable. Former Head of Retail and Ecommerce at NCFC, Steve believes every business can benefit from a fresh perspective.

What does entrepreneurialism mean to you?

Entrepreneurialism is about people taking charge of their own destiny. It’s about having a plan and taking charge of that plan, taking some risks and (in a corny way) wanting to make the world a better place.

What skills or traits do entrepreneurs tend to embody?

Typically, entrepreneurs have an element of confidence and belief in themselves and don’t take themselves too seriously. Take me for example, I’m not the norm, I’m a little different and I want to make a difference. It starts with an idea, but ultimately it’s about taking that risk. You're doing something that 99.8% of the population will never do.

What advice would you give to budding entrepreneurs?

Budding entrepreneurs should believe in their initial plan and work hard to deliver it. If at first you don’t succeed, try, try, try, try, try again! We all have to fail sometimes to succeed. I think people see failure as a chance to pack it up or give up, but sometimes you have to fail to get to wherever it is you need to be. Don’t be too disheartened by negativity, harness that negativity and use it as a positive.

Natasha Carr

"Have passion for what you do"

#GlobalEntrepreneurshipWeek

Natasha is the Managing Director of Hype Marketing, an award-winning, full-service marketing agency based in Norwich. Future50 recipient and winner of 2017’s Institute of Directors Early Stage Business Director of the Year, Natasha is passionate about creating compelling campaigns that connect with audiences in an engaging, unique and powerful way.

What does entrepreneurialism mean to you?

To me, entrepreneurship is not just about starting a business. It's a mindset or a way of thinking and doing things differently.

What skills or traits do entrepreneurs tend to embody?

You can find many sources that talk about the ideal characteristics an entrepreneur must possess in order to be successful - but I don’t believe in a ‘one size fits all’ approach.

What advice would you give to budding entrepreneurs?

I have found the following ‘mantras’ have served me well so far;

We believe anyone with the courage to build a business deserves to be celebrated. Small and independent business owners are the lifeblood of our economy and Epos Now is here to support you throughout your journey. If you would like more information on how an Epos Now system could help your business thrive, please get in touch with one of our EPOS specialists.



AUTHOR

Erin Heenan

Erin joined Epos Now in 2016 as an in-house content writer for the marketing department, making use of 10 years experience working in busy restaurants. An avid fan of shopping and eating out, she is committed to helping retail and hospitality SMEs get the most out of their businesses.



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