If you want to go at it alone, it’s a pretty good time to try. Money is cheap, software as solutions are abundant, the NED market is substantial (if you need a bit of experience without all the cost) and technology has brought a world market to us on a tablet.

But if you are going to go it alone, here’s a few pointers (from experience) that might help you along the way…

  1. Think big. You have to believe that the world needs your new widget company / software provider / production company / media business, and you have to be passionate about it. Don’t be afraid of competition from bigger companies.
  2. Get small Every individual has to be a problem solver and contribute in new ways consistently. Creativity, innovation and collaboration fuel growth.
  3. Your idea doesn’t have to be new. Just do it better than everyone else.
  4. Don’t be afraid to ask. Get a great mentor; build a strong support network around you.
  5. Pay for quality. Pay for the right advice. A good advisor network or advisory board are worth their weight in gold.
  6. Sort out the money. An undercapitalised company is unlikely to achieve its ambitions. Get your money/finance/capital/investors sorted early on. Best do it at the beginning than when you run out of road. If you do need a partner, ensure you have a backer that understands you and has the knowledge and experience to bring value to your business.
  7. Concentrate on delivering the very best service you can to a core of customers. Learn what it takes to keep them happy.
  8. Create a strong culture. Hiring great people builds real chemistry.
  9. Develop unique ability teams. Cut out the overlap; just make sure one of them is a great behind-the-scenes person who can make it all happen: the billing, the financials, operations, leasing, dealing with staff.
  10. Be prepared to work like you’ve never worked before. Be resilient and give it your absolute best.