Lavinia's Blog - Entrepreneurship, Peter Jones

posted by: Lavinia Gyamfuah

Positive development in all societies has always been welcomed on the provision that the product or service is required by a large quantity of people. Business is beautiful, it has versatile qualities. The subject is used frequently in the 21st century and is a very good skill to acquire. Admirable entrepreneurs are courageous, innovative, persistent and hardworking individuals.  To be in possession of a business or businesses is the start to something challenging, unique, personal and fruitful.

A downturn in the economical climate means it is one of the best periods to produce business for customers. The plethora of opportunities is endless however ideal concepts must be viable, over analysed, customer orientated and long term, this is usually reflected in a coherent business plan. Customers presently require products and services that intend to ease the financial strain. For instance, the increase in pound and value stores exist among many lower class communities. Iceland are one of the top ten grocery stores exceeding a turnover of 1.8 million. Members of such communities shop in like stores in order to make their spending worthwhile.       

The sense of accomplishment, a factor that causes many entrepreneurs to plough through…the thought of having a good idea that could potentially enhance the lifestyle of a certain group of people adds to the notion of a successful entrepreneur. Most entrepreneurs on average undergo ten different ventures before becoming successful. The strain, although a good pleasure; reflects the emotion generally among entrepreneurs’ whilst pursuing their journeys.

Brief Story of Multi-Millionaire Peter Jones

Peter Jones, a multi millionaire began by building his own tennis academy at the age of 16 and later completed his first computer business. Unfortunately in his late twenties his business failed and he was forced to move back to his parents’ house. Jones then joined Siemens Nixdorf and became the head of the PC business unit. He then generated enough revenue to start his own Phones International Group in April 1998. The firm experienced an incredible amount of growth totalling to £14million in the first year and then £44 million in the second year. He is an inspirational model to yearning entrepreneurs. To know that your venture could be the next biggest thing is just one of the most inspirational elements of being an independent business’ person. Understand and revise his ten steps to entrepreneurial brilliance...See you soon!