An increasing number of entrepreneurs are striking out on their
own armed with a passion to transform an idea into reality.
The trouble is that all new start ups are relying upon a set
of guesses upon which to build their business and those guesses are
frequently a bit optimistic.
Tim Latham, the founder of Unconsultancy a Midlands based
business "consultancy with a difference" undertook two start ups
following a corporate career including Shell,
PricewaterhouseCoopers and London Business School. One of the start
ups did well, the other was, to use his words "a beautifully
executed failure, like many start ups I launched only to find that
the queue of customers was rather shorter than predicted!".
Latham said "In a start up, getting the various elements of the
business model aligned correctly is like solving a large set of
simultaneous equations or solving a combination of Rubik's cube and
Soduko, and the starting point is a set of guesses. The great news
is that there is now a process that start ups can adopt which takes
the risk away so even before you launch you know there will be a
queue of customers."
Tim's firm, Unconsultancy is running a series of workshops
across the East Midlands during February where entrepreneurs can
learn how to turn their hopes and guesses into facts and so
increase their prospects of joining the ranks of successful
businesses.