From government policies to market competitions, staying motivated, clarity and meeting demands and finding the niche for your business ideas, businesses are set for failure even before you start. Yet, year after year, some people hang on and go beyond the average to become successful.
One of the biggest challenges I faced was protecting my intellectual property. As I am the formulator of my products I wanted to make sure that as I was developing my business I did not put my intellectual property at risk. That problem was solved for me when I happened upon The British Library Business and IP Centre. I went there for another event and discovered the centre. The centre helped me gain all the knowledge I needed on how to make sure my IP was protected moving forward.
Building my business from scratch has been my biggest challenge. Prior to setting up my skin clinic, I had spent 6 years working abroad, so when I came back to London and decided to open the clinic doors, I had to build my client list from nothing.
My challenges started before I'd even set up my first business. While finishing University I created a business plan for an idea I'd had around setting up a video game e-commerce company. I took this report to an established business advisor in Manchester, who looked through it and told me it was a sound proposition. But he then proceeded to tell me that he felt that I would struggle to execute it in that industry as I was young, black and disruptive, and the industry was controlled by the old guard.