The rise of new businesses and ergo entrepreneurs seem to happen most when there is a crisis. If you talk to a lot of these successful entrepreneurs, most of them were working for a big company when a situation or a crisis made them take the leap to creating their own businesses. One such story is that of a manufacturer of aluminum toothpaste tubes for a multinational company who was told that the company was shifting into plastic tubing despite the recent investment in manufacturing equipment worth millions. In effect, his former client was dropping his service. His response: he took on these multinational companies and created his own brand of toothpaste. These days, his company is competing with the big boys and though he doesn't have the lion's share, he probably nets more on a personal level since his overhead is not as large as the big companies. His company has a brand that is popular. He has carved himself a niche in the toothpaste market and continues to expand his line. What he didn't do was to give up on his manufacturing business but instead make it grow.
In the same manner, service oriented businesses have also expanded and added services to be more relevant to today's market. Accountants in the United Kingdom are such an example. These days, more accounting firms and accountants have set their businesses in areas closer to the market it serves. In Bridgend, accountants not only serve as external auditors but as business advisers as well. By offering such a service, they are able to guide their clients in their local area, wherein Bridgend is being defined as the new shopping capital of the United Kingdom because it is easy to get there by train or bus, and the rental leases are much more inexpensive than most major cities in the area. The rise of factory outlets are also being aided with other real estate development that sets to anchor the place as a veritable go to place. With the rise of more retail outlets, comes the need for more business services that aid these outlets. Hence, the need for Bridgend accountants became almost mandatory.
The other reason for starting your own business is because of a passion for something that may also be profitable. Those launching their own fashion design lines whether these are accessories, haute couture, prêt-à-porter, or sportswear often do so because they have this great expression to create and design something better, something exciting, something accepted. More often than not, these designers have business managers that they partner with to help run the business while they focus on doing what their core competence is.
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