It is an inevitability that entrepreneurs will make mistakes at some point in their career. But would you do anything differently if you had the chance to go back and start your business all over again?
On behalf of E2Exchange, we asked three entrepreneurs what they would do differently if they were to start again.
Bassim Haidar, founder and CEO of Channel IT Group, said: “The first thing I need to do is invent a time machine to go back and correct all the errors I made when I first started. But luckily we learn and that’s how we apply our knowledge in the future.”
We also spoke to Troy Collins, CEO of Endource. He said: “To be honest I don’t think I’d do anything differently, because I’ve learnt from all the mistakes I’ve made. With hindsight I think I would deal with some situations more eloquently, when it comes to investment, for example. There are quite a few terms that, the first time round when they get put in front of you, you don’t realise the implications of what they might lead to in the future. But, generally speaking, we’re all human – we should embrace mistakes and learn from them and try not to have any regrets.”
And finally, we spoke to Duncan Bannatyne. Mr Bannatyne said: “There are a lot of things I’d do differently. I would start earlier – I started when I was 30 years old, and I’d certainly make sure that I could control a business so that I could spend more time with my children; I think family time is very important. I’d probably have borrowed more money and gone bigger!”