Coming from a family business background undoubtedly brings advantages when it comes to running your own company.
But two out of five entrepreneurs do not fit this mould. Instead, they are self-starters striving for independent success. And what they may lack in connections that can give their business a head start, they often make up for in passion and drive.
Here are some of the other key factors that set this group of entrepreneurs apart:
Self-starters aim higher
They make their own rules
They know how to network
They need strong mentors
All types of entrepreneurs have an important role to play in the wider economy, but those who make their own way without the advantages of a family background in business are particularly likely to explore fresh ideas and develop disruptive business models. And every long-running family business was once founded by a self-starter. So it’s vital they can tap into the expertise and support they need to realise their vision.