Director
Cambridge, England, United Kingdom
My computer opened up a new world to me, The Internet. One day I came across City 2000. They sold low cost websites to business. It was a very new concept, we are talking the dark ages here. No Google, Zuckerberg was still at school and you found a sales job in the Grocer not LinkedIn. City 2000 were selling a low cost franchise. I was about to take the plunge when a friend suggested that I set my own business up.So I did. I approached an ex RJR salesman who was working in advertising and offered him an equal stake and off we went. We sold our solution into businesses in Cambridge, signed up 50 clients and launched in May. I was still working at Booker and moonlighting between jobs, naughty I know, but I bet Iām not the only person to have done that.It was great fun to start with but cracks began to appear. Our web developer could not cope and everyone was pulling in a different direction. I decided to quit Booker and go full time to try to sort it out.It was the worse thing that I could have done. There was not enough money to pay us all so I did the the only thing that I could. I walked away and gave my shares up.But it saved the business. Tim, my partner took the company forward and they became very successful morphing into an online E-commerce business, Florist Window. I remain close friends with Tim.Key Learning: Where do I start. Itās tough to start up a business. You need to use your limited resources wisely. A new business needs a strong leader. Not four of them all fighting each other.Mistakes: Giving away control at the birth of a business can be dangerous. Understand how a Ltd Company works, the legal requirements and your rights as a shareholder. If things go wrong donāt just walk away because you think that you are doing the right thing for everyone. I gave away 40% of a business that became very successful.