Richard Branson: Advice for Entrepreneurs
Career change advice from Britain’s most successful female entrepreneurs
Time for a career change? Here's how four successful women made the big leap into starting their own business (and how you can too)
If you’ve ever wanted to make a career change but never knew where to start, it’s worth finding out what the UK’s most successful entrepreneurs did to get their business ideas off the ground and make the leap into going-it-alone. Prepare to be inspired…
‘I joined a start-up hub’
Whitney Wolfe, 25, is the co-founder of dating app Tinder – which has ten million users and is worth an estimated £3bn. In December 2014 she launched new dating app Bumble.
Don’t take the easy option. After graduating in International Relations in 2011, I turned down safe, corporate job offers and instead accepted a position at an ‘incubator’ in LA – a tech word for a team of people who are funded by investors to create apps. I knew the future was digital and that I had to take a risk.
There are lots of smart ways to finance a business. Incubators, like the one I worked at, are already popular in the US and are popping up in the UK. Some offer a salary, but with others you have to wait until your business succeeds before you can reap some of the profits. If financial help from family or friends isn’t possible, find entreprenuers who’ve already made it and might be willing to support you.
The best ideas are often the simplest.When we devised Tinder in September 2012 there was still a stigma surrounding online dating. But we spend half our time on our smart phones – why not date on them too?
Creating a dream takes blood, sweat and tears.I worked all day, every day. I thought about Tinder in the shower and dreamed about it at night. It wasn’t just my job – it was my life.
Don’t be afraid to jump ship.Although Tinder was a household name, I hankered for the early days of getting the business off the ground and left last April.
Success makes you strive for more.I wanted my new dating app, Bumble, to empower women. It puts them in the driving seat, because only they can initiate conversation after a match has been made. Bumble is already big in the US, where we have 100,000 users and a team of eight.
Video: Billionaire James Ratcliffe: Becoming The UK's Richest Man and Advice On Entrepreneurship
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