TV star and Alan Sugar’s right-hand man Nick Hewer has spoken of the importance of low costs for start up businesses.
Hewer has strong business credentials, having been instrumental in the choosing of candidates for BBC smash hit ‘The Apprentice’ ever since it started. Now, the host of Channel 4’s ‘Countdown’ has spoken of just how much of an influence costs can play when starting up a new business.
Speaking to guardian.co.uk, Hewer noted that most firms have significantly less than the £250,000 afforded to the winner of ‘The Apprentice’ with which to start their business. For this reason, serious thought needs to be given to associated costs to ensure those with a great business model or idea manage to get off the ground.
For anyone looking to get into business or start becoming their own boss, there may be a way to start a franchise even if money is a bit tight. This works because the system often enables a part-purchase that keeps starting costs down.
Once such costs have been accounted for, Hewer claimed, business leaders could then be the architects of their own destiny.
“Entrepreneurship is a very sexy yet abused word,” bullfax.com reports Hewer as saying.
“Rather than talking about it, people need to get out there and actually start their own businesses. There are few barriers to starting up nowadays as long as your business model makes sense. It’s apathy and lack of knowledge which stops people.”