Grab an Italian masterpiece for less
The result, he says, is great for the economy, which thrives on constant innovation and change, but not so good for dinner-party conversation. "You wouldn't want to get stuck in a lift with an entrepreneur because most of them are not tremendously enjoyable companions," he says. "They have this amazing focus and single-mindedness and they don't need relationships with other people. They just talk about business all the time."
Atkinson says entrepreneurs can be divided into three distinct types:
Rene Carayol, a business adviser and another member of the programme's team of experts, says one of the most fascinating characteristics of entrepreneurs is their absolute refusal to acknowledge failure. He says: "They don't do failure, they redefine it. Failure for them is a learning experience that will enable them to be even better. If they fall over, they just come straight back up again. I have never met such a bunch of optimistic people. Everything is an opportunity, the glass isn't half full, it's spilling over."
Carayol says there are several things traditional business people can learn from the way entrepreneurs work. He says: "Number one, making mistakes is okay. It's a necessary part of learning. Number two, speed is the key competitive advantage when you're in business now - it's not who does it better, it's who gets there first. Time used to be the enemy. It's now an assassin. And number three, play to your strengths." Sadly, for the rest of us, however, Carayol thinks that ultimately entrepreneurs are born, not made. He says: "If you don't have that drive, that energy, that focus, then you can't make a chicken salad out of chicken s**t, no matter how you try."
Case study: Alexander Amosu, 28, made his first million composing ring tones for his friends’ mobile phones. He began selling them for £1 a time from his bedroom, but within four months he had moved into offices and was employing 21 staff. In the first year his company, Rnb Wild, had sales of £1.3m. He sold it for several million pounds this year to start up a new business selling video downloads for mobile phones.
Amosu, who was brought up in Kilburn, northwest London, by his grandmother, got his first taste of being an entrepreneur at the age of 12 when he got a paper round so he could afford a pair of new trainers.
He says: ‘The best way to make money is when you make money out of nothing. There have been many times when people have said to me, what the hell are you doing, you are just wasting your time. But I don’t get put off when people are negative, it spurs me on. If you don’t try something, then you have failed yourself.’
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
to £60K + bonus (OTE £90k)
Lord Search & Selection
Location Flexible
PwC’s Consulting practice helps businesses of all shapes
and sizes work smarter and grow faster.
£85k
CPA
Highly Competitve
Specsavers
Whiteley, near Southampton
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Book now & save over £100pp.
11 cool resorts, lowest prices... Early Booking offers 15 Nov.
20% off selected Azores holidays taken in October with Sunvil Discovery
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.