Live Innovations: Preparation and Awareness Make a Successful Entrepreneur

    LONDON, ENGLAND, July 03, 2013 /24-7PressRelease/ -- According to research, one in three start-up businesses fail in the first three years which is often the result of poor business planning or management, cash flow problems or a lack of clear objectives (businesscasestudies.co.uk). Tom Harris, managing director at Live Innovations recommends: "Starting a business can be very exciting, but it takes a lot of preparation and care in order to prosper and grow." Two thirds of new businesses survive and some go on successful and expand into further markets (businesscasestudies.co.uk). Although there are many different types of businesses, the challenges that growth can bring are often surprisingly consistent (entrepreneur.com). Tom Harris says: "Identifying these factors is the key to business growth." Knowing what the risks can be, and facing them head on, can help ensure ongoing success (entrepreneur.com).

About Live Innovations: http://www.liveinnovations.co.uk

Tom Harris at Live Innovations is referring to an article represented by Trinet on Entrepreneur.com, discussing the most common challenges for new entrepreneurs, such as time management, giving up total control, being ready for change and reviewing business processes and objectives.

"Good time management skills are crucial. Looking at my own schedule, as a business owner I could run from appointment to appointment without actually taking some quality time for myself," says Tom Harris. It is important to clear the daily calendar from clutter and gain quality time to brainstorm creative, new ideas that can lead to even greater business expansion in the future (entrepreneur.com). Furthermore, entrepreneurs often fall into total control. "You cannot do everything," says Tom Harris at Live Innovations. "It is necessary to find the balance and trustworthy business partners. Sharing or delegating workload allows time for other important things," continues Tom Harris. As business starts to expand, the entrepreneur must evolve from a multitasking, jack-of-all-trades mindset into a big picture leader who inspires others (entrepreneur.com).

Every business has to deal with the element of change. With a continuously changing business environment and market place, it is crucial to keep on the ball in order to outrun competitors. In addition to that, business processes and goals must be reviewed on a regular basis. "With a changing environment and business plan, objectives may need to be adjusted accordingly," recommends Tom Harris. Looking at processes and deciding how they could be achieved more effectively, becomes more and more important as the business moves into expansion mode (entrepreneur.com).

Live Innovations is a direct sales and marketing company based in London. Managing director Tom Harris has started his business in October 2009 and has since expanded into the Greater London area. "Running my own business has always been my dream. I can work on projects I like, be surrounded by likeminded people, can create a flexible work schedule and be my own boss," says Tom Harris. "Of course it is hard work, but it has paid off. I am a very passionate entrepreneur," he adds.

Live Innovations has plans to expand into 2 more UK markets by early 2014.

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