You may have probably heard about horror stories of business failures among startups. According to Cambridge Associates, the percentage of startups that fail has topped out at a whopping 79% during the dotcom bust. But before you start to get dissuaded and feel doomed to fail, there are some things that you can do to survive and thrive as a new startup.
When it comes to business advice we could all do a lot worse than listen to Virgin boss Richard Branson. Since he and some friends launched a student newspaper at the age of 17, he’s gone on to create a group of companies that generates over $1 billion a year. So when Sir Richard extols the virtues of outsourcing, it’s probably worth hearing what he has to say.