Entrepreneurs share knowledge in hindsight

Four-fifths
of entrepreneurs say they would hire themselves if only they could.

A
new survey – aimed at discovering what entrepreneurs would do differently if
they could start their business all over again – shows that if it were possible
83 per cent would hire themselves, although 15 per cent would not. Of those,
more than half (51 per cent) believe they would be too hard to manage and
nearly a fifth say they would be a poor team player (14 per cent).

The
survey,  Back to the Future, carried out
by financial advisers Begbies Traynor, found 56 per cent of the 200
entrepreneurs questioned felt they were lacking in experience when they started
their business.

Twenty-three
percent of those respondents did not realise how tough it is to manage people
and 40 per cent were unaware how little they knew about running a business.

When
entrepreneurs were asked what they wished they had dedicated more time to when
they started up, one of the most popular answers was to have recruited the
right staff (19 per cent).

Entrepreneurs
were also asked which well-known companies they would prefer to be running.
Nineteen per cent answered Microsoft, 13 per cent Virgin, 12 per cent Tesco and
4 per cent British Airways.

By Quentin Reade

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